Corporate Activity in PNG, page-4

Blam
yes your right this is the place for critical discussion and imo so far the discussion has been very good.
I think you are getting ahead of yourself by referencing corporate failures
IMO the company has done what it had to to ensure funding going forward without destroying s/h value by raising under a depressed sp. The company would have had to raise (at a discount) approx. $12-14m in order to fund seismic and drilling on 437 to hold their 20%. What are the COS on this drill??
It will certainly be interesting to follow this drill next year.
Pandora is multiple times anything they may find in ppl437 and it has very low holding costs and a demonstrated path to commercialisation, CMT now needs to work on the next step.