We Know! Get Over It!Some keep posting what is common knowledge to all of us, expecting it to somehow scare us off SXL.
130,000,000 shares o/s - we all know; many cos. have considerably more
future financings - we all know that some time in the future there will be a financing. Late fall, winter or spring? Who knows? But we're aware that all explorecos. depend on them. As far as I know it was said by the co. as well as eresearch that 3000m of drilling on Nash would follow Ont. drilling.
Finances - again who of us knows for sure but:
We raised 1,200,000 early spring. We spent 450,000 on Ont. We received 100,000 in grants from NB. That leaves 850,000. Deduct 100,000-200,000 or so for 25k of monthly burn rate. I think (my own opinion) we're okay till the end of the Nash-Sjack program.
Why keep repeating what everyone here knows, and most of us are longs!