Slogger. With reference to your comment about CEO dilution. Isnt...

Slogger. With reference to your comment about CEO dilution. Isnt the upcoming 20:1 a consolidation rather than dilution. So you have less overall shares , but same overall value. Also around a third of the proposed capital raise is to purchase assets (leases) which dont dilute because money generated by the extra shares issued are backed by the new asset so the overall value of the company increases with that portion of shares so no dilution there. The other 2/3's of the issue for use towards drilling etc will cause some dilution.