Mr. Briscoe just joined a group called 'Bridge Loan Lending' on LinkedIn. Think that pretty much sums up the situation we're in at the moment.
I have very little doubt he's onto something. Something good. Something excellent. But he'll need the cash to prove it. And as others have stated, At this stage I wouldn't even mind another 200 million shares or so to be able to drill the first couple of targets independently before he moves into possible JV talks.
But the long and the short of it is that these are not the best of times. Not the best of times to get financing that is. It just might come down to taking what is being offered. If anything is offered at all.
Let's hope he gets to prove what he knows is there...
Best wishes for this new year to all.