RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Something Is cooking Here We are on the way UP!!!!Serious questions: Let’s say they close the pp. How will they have any money left to pay for a new drill program when they still need to pay off the debt sitting on the balance sheet now? Why drill now anyways? What reward could you possibly expect to get?
My feeling is if the pp closes some of the debts will be paid off and others won’t and no drill program will be initiated. Regardless of whether or not this pp gets filled they will need another one to get any kind of real drill program going.
What if the only takers for the pp is management and insiders? Does it mean that they really believe in the company or does it mean nobody else believes in this company? DEC/MTB/ROT…. And somebody’s mother. Way too many ways to lose money here in my opinion. Will DEC’s percentage of Red Cliff increase again? Did MTB contribute to Red Cliff this year?
Having said all this; you just never know where a resourceful management will find money.