GREY:ARWJF - Post by User
Comment by
davproon Feb 27, 2014 10:32am
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Post# 22258393
RE:RE:RE:davpro
RE:RE:RE:davpro Actually NO... Chris Cooper turned this around by using the funds from the last PP nov 2012 which went to pay for West Hazel and kirkpatrick had he not acquired those properties and managed the PP we wouldn't be talking on this board now.
The fact that he has thus far avoided another PP is a testament to his restraint. By allowing funds to build up for 5 months by not drilling h managed to forestall the need for a PP at the moment. However he extended the warrants primarily because he is hoping that should he be successful in his plans they will be exercised. Should that be the case I am quite sure that a PP will follow. You are right he does not want to do one at this level but at .60 it becomes a whole new ball game.
The jury is still with regard to whether or not he will be successful... I hope he will because I'd sooner follow a winner than a loser.