It's always going to be better in a few monthsBut the monies raised..... almost half went to buying Pointe Rousse. That's from the last summer money raising. SGNL was given a bunch of shares, which is regrettable considering their financial position. So they will have to sell the shares and are likely already doing that. We will find out when they release first quarter results the end of April.
But there was about $8 million CDN raised and that is pretty much gone. So 3 million for pointe rousse.
What happened to the other 5 million? How much was spent on drilling? How much was spent on management? rent and other administrtative costs?
Are we just hoping that NFG wants a tolling agreement? Because they could say no they are not interested. Right now I don't think that we can even negotiate that with any other company. So then we start again? In the meantime nothing happens. Perhaps raise a couple of million to pay salaries.
Or could NFG be like vultures circling if they really wanted to. Why pay maritime a big tolling price. When they could just wait for them to fail. Those notes have priority over any shares and basically the whole company. And they are the biggest investors in those notes. Only time will tell if that was a blessing or a curse.