This is not getting any better...I've been watching MSQ from the sideline for over 6 months now. Primarily because I know some people who have invested heavily in the 1,50-2,00$ area.
I am playing with the thought of buying a 100.000k bundle soon. But I need them to get at least the PP amount they were looking for or a least an established JV Partner.
Is it true that MSQ has a cash burn of >600k a month? If so They should be done in February. They own quite some $ to the drilling company...
Let me know what you all think! A quick summary of somebody with a great overview would surely be appreciated.