Will Directors step up?
Now that we're about to retest that 0.25 cents rights moment, would the Directors step up to show their belief in this?
Well most of them are just living off the fat of this company! SURE! What do they have to show for all these years since 2013?
FEC sp are taking a real beating; now at 3.82; the MC is 368 Million; amazing! While ours is MC 81 Million, and we have nothing to show but a licence!
Most of these people (BOD/Management) may be in a daze, "caught in the headlights"!
Can anyone of you see them making CAPEX decisions in these circumstances? Empty malls, empty streets, empty, empty, empty everywhere!
Is CGX that important for such decisions in these moments? Ask yourselves these questions.
CATMAN must be the most gleeful person today; COVID-19 makes him look like a genius!
This thing could test 0.25 and overshoot to the downside! Not for the faint of heart!
How long will the price of oil remain here; how many oil companies will disappear! Credit is seizing up!
Compare our MC to those of established Oil Companies right here in Canada!