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TORO OIL AND GAS LTD V.TOO

"Toro Oil & Gas Ltd is engaged in the acquisition, exploration, exploitation, development and production & transportation of oil & natural gas reserves."


TSXV:TOO - Post by User

Comment by overratedon Aug 30, 2016 9:51am
177 Views
Post# 25190451

RE:Brutal

RE:Brutalcouldn't agree more. Brutal. Reading between the lines, they are dead meat. They have diluted the heck out of themselves with the last financing. $4 million in the bank not nearly enough. Doesn't even drill 3 wells. And even with successful drilling on 3 wells, the banks won't give lending value on that. How good can these properties be with Consort taking an impairment? What's next after the $4 million is gone? An additional financing at $0.19 to dilute the shareholders even more? I'm out. Taking my losses and running...i've seen this song and dance once too often. Ouch.
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