RE: RE: RE: RE: RE: RE: RE: RE: Read the last comm I've been here a lot longer than that and I am still here. I was even in profit for a while in the last few weeks. No promises have been broken though. Mgt thought they could achieve a sale here and tried to do that through RPS, but it didn't work out. I have said imo it was criminal not to finance in the 30's but they didn't and we are where we are. We now look to closing the PP, with further news to come on new appointments and then financing. Latest NR has a tasty upgrade on 2P and I think the field could be +100mmbo recoverable, we know the oil is light and sweet, the water is shallow. For me a strong asset vs a $9m mkt cap.
However you dice this, there is considerable upside from 7c. 40c holders may well be old and grey to book a profit I agree, so i'd average down or take the loss and move on.
I'm holding for H2 and will likely review by year end with an expectation of being 15-20c by then, even with the 100m share dilution, subject to production finance being in place and assuming the market being tough as it is now. That would only be a $50m mkt cap, so from micro to slightly bigger micro then, i'm not exactly expecting the world or a $500m tag.
GLTA.