Somebody is holding us ... Without a doubt somebody's intention to keep this stock price at this level. Whenever it reaches 46 cents it goes back to 40 then stays within this range. While we are witnessing NG and oil at highest levels for a long time. All I can say management is really struggling to get anybody to continue JV after Equnor severed partnership. If we get an offer to be bought out at 60 cents I wouldn't be surprised. Management will get their options excercised and other liabilities to be taken care of, 60 cents will be a good deal. Risk involved to continue drilling operations is high and can really deplete fast Valeura bank account. You might be sitting on gold deposit but if you don't know how much is there or you can't get the gold out then your asset is not valued at all. Management might take such a risk but highly unlikely to continue drilling these expensive wells in
Don't get me wrong (I am a shareholder) I really would like to see this company to be back on its feet but that is not that easy when others players are not willing to sponsor this venture.