RE: RE: Financing? They knew when writing their YE how much money they'd be getting from RIO. I guess ~$400K isn't considered sufficient bank for the year, even with a low burn rate and RIO paying for the drilling.
At the same time though, from what I've heard, when RIO bought their 8 cent shares there was the option of a bigger share offering but the parties decided to not go thru with it.
I guess that means SBL intends to finance after the first drill results come in, assuming they're good?
After all, CXO didn't finance at 15 cents; they waited til the drill hole came in and now they have the luxury of refusing 90 cent financing offers.