RE: RE: RE: RE: RE: fundraisingU are right here I confused the year. I can recognize my mistake.
But for the rest it is still the same :
We are burning between 8-10 millions per month
We will be out of cash in 3-4 months.
In 3 months we will generate 5 million cash flow monthly but because we are burning 8 to 10 millions monthly we will need another fundraising.
So I bet u what u want they will raised another 100 million in 2 to 3 months times to finish to explore doris area and Takij ....
I think we will really take off after the fundraising is done at around 1$ if the exploration on both doris and kalypso turn out to be positive (should it be positive we can target 1.5-1.8$ in a year), but it will be after the fundraising. People does not like to invest just before a fundraising. This a fact.
And the stock price is exactly doing what I am predicting since 6 months.
But we have strong support at 1$.