RE:RE:May be our grand kids will see this stock at 0.50 cents SNVI agree with price action will go up very quick once positive news comes along.
With the recent Financial Statement showing 1.1MM cash, it concerns me that they continue to have 1.6MM in current liabilities (due within 1 year).
Then once they have license... in order to move forward ... it will most likely cost over $5MM for the 2nd test phase and completion of the well into production... that will be PP or the monies.
Anyway.. i'm just saying these factors for you all to think about... I know i'm buying it back (sold at 40c)
If license is renewed (provided the terms extend towards production period) .. I'll be definitely buying after the next PP.
it doesn't matter if it is $0.20 or $1 a share.. at that time, the risk will be much lower