GREY:SMBZF - Post by User
Comment by
HeyIrishon Jun 09, 2014 6:46pm
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Post# 22643841
RE:RE:327,000,000 + Shares o/s
RE:RE:327,000,000 + Shares o/sI don't like what I see, but, what else could they do? It would appear our troubles started when we choose passive seismic over conventional or even 3D seismic. I honestly thought that passive seismic was the good route to go but it was pointed out to me by another poster here that I was wrong.
Is there a consolidation to come? It this was a gold company at this stage of developement I'd say yes for sure. But, with oil companies and Simba in particular I'd say it is still considerably undervalued even at 500,000,000 shares outstanding.
Management needs to hit the nail on the head this time. With everything that is going on around Simba's block and with a little more coin in their pockets they might just pull this off yet.