RE:RE:RE:The Deeps will get Drilledbfw wrote:
stiffupperlip wrote: The market over the last couple of days has shown little interest in this deal and this management team. Too little too late. In the small cap space you get very few second chances. Name me one success story from Thailand?
Coastal Energy
Made an absolute killing on that one.
bfw
yes I remeber Coastal fondly... nice run
This will have headwinds as we shareholders are fed up and were hoping for some magical transaction to exit at $1 overnight. But the reality is that this will have to prove itself, and will have the overhead of clearing out the many shares that want out. Now that the deal is known many will start to sell and a new story will take months to unfold.
So I guess no immediate pop is to be expected, but if they can execute then could be a good winner. Having the cash means no huge dilution to make the deal or develop,, thats a big plus for any junior.
I think they got a fire sale out of bankruptcy, now they have to execute... so risky of course but glad to see we have a path up.