Aroway Energy Inc ARWJF

RE:RE:News

[davpro]

Ok so they went with my suggestion of Mar 9. Go to the capital markets to finance Kerrobert instead of dragging out the Capex by two or three quarters. Makes sense since the warrant cost has already been expensed and resultant financing cash flow will 100% accretive and sorry Green but it is dilutive. However if you want to raise capital this would be one of the more desirable ways to do it, repricing warrants So on the plus side, they can accelerate Kerrobert on the the negative is that it will create a bit of an overhang to chew through before we move out of the .30's.  In the long run it does confirm my original suspicions that a financing may be needed to properly forward their plans and therefore also gives me confidence that my current analysis is fairly accurate.

It maybe that this will prove to be even more effective than the long slow crawl of late.