RE: RE: Interest in High is high! Hello Joebanks
thank you for your reply. I don't know, whether the company want's to prepare us on that way for such an option agreement, we will see...
I am still convinced, that the intention was not to sell but to hurt our share price and I do not buy the companys position, that they do not know, why the shares have been sold.
We know, that some others are very well interested in our other properties, mainly the High. The .... way how the Tennyson deal was done, gave them the possibility to crash our share price and to crash our intention and hopes to drill the High for us alone. This might answer your question, whether I will trust in Dino's judgement....
No financing on this level, no debt, so what else can we do, I agree on that....
From my point of view, such a deal will never ever be more favourable than the Tennyson deal, why should it be? We have been in a very comfortable position before the close of the deal with HD and see the result, horrible... Now, as I see it, we are under heavy pressure and wthout any doubt, have lost a lot of bargaining power. If we have to cut back our drill plans officially, lose even more over the summer months, are you sure, that a take over bid for let's say 75 cents won't work?
We have three focus properties at the moment, at least which are in discussion....
Treaty Creek, a horrible result of the option agreement, Tennyson, has reduced our share privce to the half... and now the High...? If you extend the perspective on SVG, it is becoming even more awful...
Although I agree, that there might not be another possibility than an option agreement, I would be shocked. If I am wrong with everything, I will be very happy...