they need to raise the money of 2.5 million(estimated) to drill the bellevue. they should not count on the shareholder's rights offer to raise money to drill because the drilling of bellevue will raise the pps. otherwise the pps stays low and the .07 level is mute.
hopefully, the new jv partner will help raise the needed money.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.