RE:RE:RE:RE:RE:RE:RE:RE:Today's Trivia It is not a concern of what Marathon has discovered or may discover in future drilling. Sure they need cash to get the job done and no one knows if they could have taken a more conservative approach raised less cash now to get through summer drilling/engineering then raise further revenues on the potential of drilling success in the Sprite/Berry Zones and issuing fewer shares.
The concern I have is with Manson past efforts raising millions and diluting the share structure. He's very good at it. Now not to be totally misjudging him perhaps it was prudent of Manson to get as much out of these investors at this time given that no one can assume what the future holds.
I expect in the past we have been spoiled by Phil Walford's conservative and creative approach to raising cash. These new investors will make things interesting to see how they control the flow. New investors are always a good thing but they are not quite as palatable as the deal struck with Franco-Nevada.
So we'll see what the future holds and if Mr. Manson will increase shareholder value over the next twelve months?