Re: ...and pipe has their imaginery.../ Texas Oil Man
in response to
by
posted on
May 08, 2009 01:39PM
Developing large acreage positions of unconventional and conventional oil and gas resources
A concern I share 2Happy. I think further dilution is coming, but not on a scale like we've seen in the past. MAB was in Darwin last week negotiating new terms with DPIFM, and whatever he and the govt agreed to will dictate the funds needed. If the short term results look positive, they proceed just like they did in Hungary: set up a data room and start looking for a partner. Although more dilution is the last thing any of us want to hear, it won't be as bad at $.50 as it would have been at $.20.