GREY:SWFCF - Post by User
Comment by
Montrose2on Jun 20, 2008 10:49am
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Post# 15208793
RE: The more I think...
RE: The more I think...Shortage of cash is a given - all outflow, no income but that is the way of the venture capital game so its really nothing new.
Disagree with the issue surrounding leasing out of the drill and crew. Access to drill crews is a continuing problem with virtually all of the venture issues that I hold. Having one on permanent "availability" seems an intelligent move. The capital costs were already spent and the maintenence costs are passed to the user.
Whichever the scenario it is my view that the immediate future of the company is centered on two factors.
(a) The obvious which is the nature of the results of the "38 holes" and
(b) Just how fast and who is involved in completing of the most recent financing.
Onward and UpwardV6NyH