Two things.................I never always hated this Company.............
When they first bought them and the track record with Gemsa , I saw a nice chance to get into a concession with 10% and a steady paycheck .........With enough money to buy something and build.
Read my first posts before Kom Ombo .............That was a scam and still is...
The issue was politics and Egypt falling apart ..............
You read anything about that in the paper Houndtrader ?
Then the Money trail gets thin , who got what , who is where , with hwat ..........Egypt is no different than any country when Political turn around occurs...........Those in the know and connected run with money and whatever they can get out before the UN comes knocking .....Egypt has always been a kind of two tier society and Your SDX team was connected to the TOP !
Hence why I thought they would scoop a nice concession , then they come up with this Kom Ombo.
Been there , done that , have the T-shirt.............There is no OIL there .........
The money , well you take a guess, Have you seen any drill rigs ? You been there ?
This is Egypt and right now , with the way things are. Nothing suprises me .......
Just know , I am negative NOW ! Because of the way they are doing business NOW ! They could have built something (as they did before ) but losing the connection to the Top meant .....Get all you can now !
The music stopped and only so many chairs to go around....
Ask yourself this ....How did someone who ran such a poor country become one of the Riches men in the world ?
Good Business ! You believe that ........Good Luck ....
And my trading Habits are my own ...........I rarely tell anyone what I buy and what I sell short ....So how would you know what I do ?