RE: Talked with Shabir this a.m.Tanin, are you kidding yourself? This company is not even half way done drilling and they are still facing a big season of drilling one to two years from now. What level of share dilution do you think is going to be needed when the share price is going to be under pressure from the market?
What the share price is going to be at the lowest level during recession?
They can very easily have over a hundred million shares when they are going to finish this drilling program.
Don't forget every unnecessary dilution is robbing shareholders from it's true value. This is a common practise on small cap sectors.
Speaking of management. I still believe that this is decent management. My experience tells me not to talk to much to the company because they are not going to tell you the whole truth. I'm judging them by what they are saying, how they execute what they are saying, and what results they achieve. The rest is smoke and screen for the dummies. If you don't have personal connections to any insiders, then you are like a castaway on the sea.
Felix56