GREY:SMBZF - Post by User
Post by
blackredon May 21, 2012 5:20pm
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Post# 19931443
Simba
Simba Roshene
Yes i agree with you. We did go up on the back of AOI/Tullow..
I also agree that work needs to be done on Kenya as a priority. It is work in progress as we see.
Passive, Sproule, FTG 2d/3d seismic is ongoing. One of my worries was the cashburn so quick as 4.5 + 1.5 million in warrants excercised wont last too long but don't you think Simba is aware of this. Maybe they have been told to carry out this work by bigger powers who are wanting a piece of Simbas pie. Thats my theory..
Guinea is another topic which excites me. We have active interest on this property by numerous parties. If someone want to come to the party then they have 2 options farm in or buy in the open market. Simba will not further dilute the stock as they are very confident that the existing portfolio of Simbas will add value for shareholders in the neartime.
Liberia will be put to bed very soon. They have the cash to pay and sign so lets see what Simba come back with from Liberia in the next couple of weeks.