It is no secret there has to be some equity raising to achieve their stated goals. The question is how will it be done to exploit the fields potential? I think you will find the investor presentations are marketed to investors that understand the oil/gas industry as the disillusioned existing shareholders will have a hard time parting with their hard earned after many years of failures. However I do wonder when the next capital raising is announced if there will be any new attaching options for a future date?
OEX Price at posting:
6.9¢ Sentiment: Hold Disclosure: Held
