May. 17 at 3:43 PM
$INDO their ambitious drilling plan is going to require
$4M this year and
$8M in 2027 and 2028. Problem is they're running low on cash already. They need a little cash to get their balance sheet in a better place until revenue starts ramping. That's why I fully expect an offering of
$10-20M or so immediately after drilling results come in. Just keep that in mind when the price spike comes.
