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Simba Essel Energy Inc SMBZF

Simba Essel Energy Inc is a Canadian exploration company. Its principal business activity includes the acquisition and exploration of resource properties. The company engages in the process of exploring its oil and gas properties.


GREY:SMBZF - Post by User

Comment by HARJAYon Mar 02, 2020 11:32am
189 Views
Post# 30756171

RE:RE:RE:RE:RE:Dead yet?

RE:RE:RE:RE:RE:Dead yet?Bull 

Not sure why you are arguing with Virgo , they have made it very clear from many past comments that they very much dislike Dinning and nothing your gonna say is going to change that .Not sure excatly why but for all the cristiscm they did particpate in mny of the PP's and so i can only surmise they feel that soemhow they where mislead by him and got it into their head tht this was gonna be the next big thing when, sure it hd great potential but until they hit the gusher all it ever was , was a spec resource play in a far off land.
Facts are Essel no matter if they paid off debt , did some sesmic etc which was part of their commitment anyway and kept the co. alive for the last few yrs but the bottom line is they didn't live up to their total commitment and now have walked away.  Dinning from when  they bought in was totaly  reliant on Essel for everything the co. needed to do to be successful  going forward from their buy in and thats the fact.
Essel  either ran into financial hardship themselves and couldn't come up with the money to move forward or didn't want to pour anymore money into FMG and just thought it would be less costly to walk away as i don't see what remedy FMG could get out of them. FMG doesn't have the money to sue and has been left high and dry by Essel. 
The only hope we have  is some  other entity sees value in the potential of the properties  and is willing to sink some  money into this and keep the dream alive.
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