RE: Private placement - traderjohnYour quote is correct, but what you fail to mention is Guy's next sentence states again they do not need finacing at this time
Listen for yourself - https://www.cfra.com/chum_audio/LOC1334.mp3
@ the 8min+ mark
We have enough money in the bank to drill 3000-4000 metres.
The summer is not a really good time to raise money but,we are in the busines of raising money and,if we get some really good people in we're going to look at that.
And who are these really good people he refers to?