GREY:MPRXF - Post by User
Comment by
hrattleon Jun 29, 2012 10:48am
153 Views
Post# 20068382
RE: down now
RE: down now we need 3P on the pump handle for a year.
Because that has worked well so far? You are a big shareholder - write to the new chairman and tell him we need to be drilling Headway. I spoke to Jim the other day - maybe I am reading more into this but he didn't sound happy about Headway. When the CEO says to drill and the board says no something has to change.
I guess a budget of $200K would be enough to restart (probably need $1m to prove anything) but just by restarting should add at least 5 cents to the shareprice (or $5m market cap.) and more importantly allow a new PP to raise money for next year. Or look at it another way - how can they hand over 4m shares to KBG without drilling at least to their target depth? And if they drop the option (and Jim quits?) and KBG hit at Headway, well the board would be answerable for a decision like that.