RE: RE: Good News SLG is indeed one of them - and not suggesting it should be compare to Simba, the point is that JV partners ( which SLG has and trying to find others) are hard to find, so is getting hard cash from the marlket also hard to get.
STERLING RESOURCES ANNOUNCES TERMINATION OF COMMON SHARE OFFERING
Calgary, Alberta, Canada, November 15, 2012 – Sterling Resources Ltd. (TSX-V: SLG) (“Sterling” or the “Company”) announces that its Board of Directors (the “Board”) has today determined not to proceed with its previously announced marketed offering (the “Offering”) of common shares in the capital of the Company (the “Common Shares”). The Company was targeting to raise up to C$45 million in aggregate gross proceeds pursuant to the Offering. While a number of existing and potential shareholders have expressed strong support, the Company has been unable to raise sufficient funds on terms which the Board considers to be acceptable.
Sterling will therefore pursue alternative means of ensuring that the Company is appropriately funded.
Sterling Resources Ltd. is a Canadian-listed international oil and gas company headquartered in Calgary, Alberta with assets in the United Kingdom, Romania, France and the Netherlands. The shares are listed and posted for trading on the TSX Venture Exchange under the symbol “SLG”.
Really up the 5 hitt creek lol.
If you want a straight out comparaison , the other 2 are Mira ( mrp.v) and Iona (ina.v), bigger fields with 2 Ps exceeding Simba, but just the same at the same stage and begging to find a JV for months.
SImba had to shut the door and I mean Literallly barricade themselves.
ASK YOURSELF WHY??
Just a bit of bad luck your having ;-)
ATB
BR