spoke with pres before the close today of course he is concerned- he is a shareholder just as other board members and other large investors.
Board meeting today and anticipate a press release within a few day concerning capex for 2013.
we have a 30 million market cap junior oil with 2011 reserve report of 100 million and a 2012 report due
out within a month or so.that will be around 150 million.
He said the company is not forsale and has ample cash flow and borrowing to complete capex for 2013.
Most junior oil in canada have been laggers within the oil and gas sector and mql.v has been a major dog for the past 6 months. They have great property, cheap asset, seasoned management and a very cheap stock in my opinion. I have been buying in lots of 5000 and continue to lose money, but dogs have away of becoming gems. I think mql.v is a winner, but looks like a dog!