Reality:- PGS's bank balance is running low (Sept quarterly will...

Reality:

- PGS's bank balance is running low (Sept quarterly will provide detail)

- Yes, seismic on 514 will hopefully be completed shortly, although let's not forget SXY holds between 50%-70% of PGS's Cooper land holding.

- Of course if SXY hits something (when they start drilling) & hopefully before PGS needs to raise capital to keep the doors open, the price will rise (how far will depend on the number shares & the commercial success in strike)

- No drill has hit the ground yet & no definite drilling program in place.

- There is a range of risks, but the most obvious is further dilution, before any drilling starts, let alone hitting something.

I wonder Kerry65, your first ever post on PGS/Hotcopper, any special reason?