RE:RE:Financial statement is a concern
I am well aware how exploration companies work, especially companies with no income. They are viable as long as they are able to raise capital. This may pay off big for investors getting in now but it may also be a disaster if they are unable to raise additional capital. How long do you think 23 million will last after delivering the rig to central Namibia, drilling expenses, administrative expenses etc. So, they will be back to raising capital again by the 2nd quarter at the latest. I have not said this is a good speculative stock to look at as I was prompted to research it myself but it is speculative and will require much more capital infusion before any income is generated. I only wish every investor success.