RE:RE:New Share Holder Are you saying they don't own the undeveloped Chu Chua claim? It's no where near producing as in years away from maybe being something, but it's a 2nd asset that seems to have positive resources there accounting to drill tests. And it's in minerals not Oil.
A downgrade on a oil reserve isn't a death spiral, it isn't good, but it's still gonna bring in $$$ for a few years. As a royalty they just receive payments on thier share of the asses as far as I know, they don't spend on the drilling and pumping, thier risk is that the asset doesn't produce it costs them nothing if it dries up.
From what I read they have no debt so in my understanding the assets are already paid for, and the only costs are light management and business costs which from what I seen on the statements are minimal.
As I said it's only a small early position ($2000)... so taking it as a loss doesn't hurt me, but I don't see it going to zero soon, (tho it turns out I coulda got in cheaper), but I also said I like the idea and I'm willing to invest and see what's going on but I'm not overly committed to it.
Am I missing anything in my DD? We can have differing opinions on what potential may be but your calling out my DD...