RE:They already gave guidance Thanks for reminding Josh, I mean Resilience. We almost forgot.
Well, $45 mm annual capex is a bit vague. Why not to give us an update on Q4? Have they done any work during the last month and a half? And what's the exit production and cash, if any? The impression is that they've been vacationing except for getting a lot of options.
Investors may also want to know about Q1 capex and source, i.e. cash flow, debt or both?
A week ago somebody posted a site calling for more than $20 mln debt in 2016 and $50+ mln in 2017. The latter is hardly possible, the credit limit is $40 mln and based on past experience it's unlikely they would dip above $30 mln. In any event, people are confused. Why not to provide some details, even approximate? Others do. I see new PRs every day.