RE:RE:WELLTheLandedEagles wrote: Yes I still hoid much of the warrants...unfortunately these warrants arent very liquid and one cannot get out that easily and need to be held longer term. Im sorry I cant be more enthusiatic as you and most people here. With the longer delay now in getting these next two wells fully completed and tested it will be not until the end of MARCH or very early April in my opinion. I see a drag on the share price until then unfortunately. Unless we get extrordinary positive news on other events for the company. As mentioned to you before, they will be needing more funding..in their last SEPT 2022 Quartly statement their cash position is much much less than I expected at just over $11.6 MM(U.S) and sure by now its almost depleted , even considering the last two monthly payments of roughly $3.8mm(U.S) in revenues and the upcompany payment due Feb 20th this month of roughly $2.6mm, maybe much less since they are now only getting $27 a MCF for February and expect that the March price for their Gas will be reduced even further to the $22 or much less in my opinion considering the drastic GAS price reductions in Europe..Not much we can do about that, but does in fact change the revenue model for TCF in the short term and might even affect re-ratings from the analyst..hopely not. Im not totally negative on TCF, very disappointed that they couldnt complete that Gulac well on time and now extending the timeframe further out 30 to 40 days for both wells being completed and tested with hopefully good flows rates. Mostly, Im concerned with their monthly rising costs and lack of funds required to complete their phase 1 program and also fear that a fund raising is most likely very soon...even though CEO had stated that no further equity financing would be required..costs are mounting, and CEO may not have a choice, and will do so anyhow and will create further dilution and panic shareholders and place more pressure on the share price in the short term..of coarse this is all my opinion and speculation, based on the financial facts currently at hand and the current state of gas abbundance in Europe currently and the drastic drop of gas prices. Will definately be watching this play out as I do own much of the warrants and plan to get back in with the common shares as well, if and when this scenario plays out and stock price hits my re-entry level of .25 cents or so...Like all of us here are entitled to post their opinions and enthusiasm good or not so good about this company, one cannot ignore the possibilities here of another equity finance......I dont believe much cash is left in the bank currently...do go look at their Sept 2022 quarterly report on their web site showing their $11.6mm cash position....then consider and estimate their expenses required from Sept 2022 to Feb 2023 currently...then come up with your own conclusion......JMHO. People should send Art an email, I have... asking the companies cash position currently....and whether a financing is contemplated in the very near future...prove me wrong!!! Dont expect a reply from CEO.
Thank god art has better things to do than respond to the useless daily chatter on a chat board or OH SO IMPORTANT questions from schmucks like us. Here's art doing a weekly drilling update for us when most if not all the rest of my portfolio can't manage a monthly update, and it seems they only report quarterly because it's a regulatory requirement. If he gave you daily info would you ask for it hourly? As TCF gets bigger, brace yourself, there will eventually be no more weekly updates because one drill hole isn't material when 20 are in production, or whatever the cutoff is. You should thank art for being the most transparent ceo you've ever sent an email to.