Ann: SXA Closes Placement Raising A$563,000, page-6

Hi 1982 - an unloved stock at present.
So we know at current oil prices they may till carve out a USD5 profit/bbl
The question is whether they have put everything on hold until the oil price and sp rerates.
Funding for future testing will be through equity and it does not make sense to do that at 3c.
Mngmt own major stake so wonder what they are thinking - if it was me I would try and buy out the rest of the shareholders at a snippet, wait out the oil glut (1,2,3 years) and be rewarded handsomely.

Spozzie