Replies to post #19255 on Hyperdynamics Corp (HDYNQ)

[phxdishman]

Lascar Call

Thanks- this is good clarification and about what was expected.
The bridge financing at $1M sounds very thin considering net cash was supposedly $0.7M at end of December.
Considering that the bridge loan should be repaid out of the equity raise, and that they should raise at least 4-5 months operating cash in addition to the well costs, one would think a higher raise than $18M would be on the table ($22-25M ??).
The underwriting and dilution will be interesting !
Agree with your disappointment on the 50/50 JV if that's the deal- sounds like 50% of the PSC for nothing...
JMHO-