RE:RE:Back inGL with the position. It would seem like something near a bottom may be reached bit who knows.
I've bought more as well.
While this fall in SP has been painful analyzing the industry and their potential within it this has always been a longer term investment for me.
Honestly while their assets are impressive but I've lost some confidence in the overall management. It's not to say it won't come back, things can happen fast but at this point I'm hoping to see them string together some positive things.
If the spot pricing for helium has roughly doubled since their last valuation on the 15-25 then once their 2 oil wells are back online with the reduced operating costs they will be in a much better spot.
The PP was not ideal, but if they use the funds diligently it's better then being short cash. IMO it was done as a safety net to provide a buffer until the 2 wells are brought back online.
To all those invested and grinding it out through this tough slump, I feel ya.