We have been asked in the last few days, why raise money now when we still have close to US$7m in the bank. A reasonable question, but with reasonable answers:
1. With three rigs running, we are burning through it - but that is what the cash is for.
2. Gives us a runway and so https://t.co/lvk71x0vX5
Goodness! https://t.co/uLy5fPKR0D
A victory of substance over style, may just mean a lack of style.
Perhaps a bit cheeky to be calling it a “discovery” after the top 63m of the first hole, but it’s a decent start.
We have been asked previously why we didn’t drill El Cedro sooner instead of stuffing about with https://t.co/fJz9ct77yI