GREY:RNSFF - Post by User
Comment by
ferret_caon May 02, 2018 12:00pm
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Post# 27970532
RE:Year End MD&A and News Release nothing special....Thoughts?
RE:Year End MD&A and News Release nothing special....Thoughts?
"I guess give them 2-3 weeks and let's see what happens"
my thoughts are if that is your timeline you'd best just move on , lol. long term story here. I would expect something on this 10 well program in that time frame although it could come with the 1st q results, who knows,lol, they aren't famous prompt nr's
the priority is the migration of the amatitlan contract and gaining the increased ownership %, imho those expecting great results from this 10 well program will be a bit disappointed imo, ,they are doing what they have to do to migrate this contract as far as the upper jurrasic I'm sure they have a very good idea of what they have from the samples sent for evealuation from this 10 well program. not something they need to hype before this migration process happens.
I expect they will need more money sooner than later and I'm sure that's one of the reasons the sp is languishing. lots of money going into the producers right now with oil prices looking good. a bit of good news here and some promo on these mexican plays will attract investors . it didn't take much to run up to .28 the other day and it doesn't take much in the way of selling to drive it down to where it is today, most investors these days have a much shorter time horizon on profit expectations.
cheers ferret