RE: RE: RE: RE: RE: RE: RE: RE: financing coming Hi Run2.. there was talk here months ago they only had a few million left.. if they stopped drilling i assume it was to slow the burn rate
no one has, in the history of the market, ever said they dont have enough money.. im going by the historical burn rate of the specific company ole projecting when they will run out of money
i wish they would be more clear on what they are doing and tell us why they stopped if they stopped and when
again to be clear i dont know how much money they have, im only going on the reported point on SH that they have ceased drilling and speculating on why
i have been wrong before and i freely admit that and im going to be wrong again..no one is perfect..but i have also been right on a few points in the past .. all im trying to do is be right more than wrong..and make a few $$ along the way
as for OLE my current strategy is to wait.. either for an announcement of a placement or a deal..i see no other resolution at this juncture..i think ole is historically cheap and has value on a per ounce basis but i am unwilling to buy until i have more information.. we have been blindsided before and im not stepping in till im sure we wont be again..
them's the markets.. happy trading..
caliche
ps thanks for the kind words top