RE: RE: Selling PMI Shares They are a couple weeks into a 5-6 months drill program, the selling is completely unrelated to the well. It is, however, not good news. If they are in need of cash now, which they almost certainly are with Mongolia and upcoming rehab project acquisitions, it won't get any better in the short term. These rehab project never throw off positive cash flow until reasonable capital has been pumped into them. Either the selling will continue, or when they renegotiate their famouts with Santos there will be a cash companent in lieu of carries.
Meanwhile, they will need something innovative to keep the piggy bank from emptying.