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Candax Energy Inc CXEYF

Energy Oil & Gas E&P


GREY:CXEYF - Post by User

Candax Energy Inc
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Comment by geomeanon Jan 19, 2006 6:54pm
297 Views
Post# 10203616

RE: WARRANTS and A CORRECTION?

RE: WARRANTS and A CORRECTION?Could CAX be able to put the funds to good use? Given that the exercise price is above the current PPS, would their exercise be accretive and put cash in the till? Haven't looked at the balance sheet or projected a source and use of funds, but with offshore work scheduled, does future cap ex require more cash?
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