In fact, just the opposite - with the extra $1 million available to carry out the stated drilling programs we are quite likely to get some good results. Further, this small capital raise has not diluted us very much. It would have been much worse to have waited until it was obvious we had to do a cap raise (which means shareholders would have sold it way down) and the amount needed would have been much more. All that would have been much greater dilution.
TRT Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held