Energulf Resources Inc. ENGFF

You just have to be realistic.....

[superstar1976]

While the buyers showed up, coincidentally the AGM was going to happen and since no news for a long time regarding status of their projects, the thought was that something material would be announced.  since that didn't happen, you are seeing a sell on news, although the volume is anemic.  I would be holding off purchasing any shares until there is clear direction about where this company is going.   Cash burn is happening and Jeff is still collecting large dollars, not to mention that raising the amount of dollars they need is extremely difficult so that is not usually a good recipe.

I also think that the market is seeing through the BS of delays, broken promises, announcing a time for drilling when you haven't even secured the funds or a partner, etc.

Perhaps after the new year this picks up, but maybe not.