I agree PM..better to have more money than you need, rather to scramble for money.

When investors see someone is in need, they take it as an opportunity to buy cheap shares.

However, when RN for example can say, "whether i get your money or not, i have more than enough to proceed", he can certainly get the best bank for the buck.

I believe what he did was smart. He has cash in hand which is crucial for continuing with the project.

Any road blocks along the way, will not impact the amount of money we have to continue drilling.

Basically, he is fully prepared for a worst case scenario, not that I see one coming, but its great to have the added sense of security.

Cheers......