RE:RE:RE:Extension of warrants ...WJ
you understand that public companies need to raise money to do work? It's the biggest reason companies go public. I hear this nonsense all the time .... "the company needs money". They sure do!
Having spent years in poor countries I'm willing to bet a discovery of any significance is going to get government backing. You saw the last lawsuit by the environmentalists towards RECO ... thrown out of court. The geopolitical risk in this case would be towards any group that goes up against an oil discovery, imo.
Also, let's say they raise $30M. Not that much dilution. You have to factor in what the cost of capital is and what $30M will do in terms of adding value through a big discovery to the stock price.