Is the tax break 30%?If the financing is done at $ 1.10 and you remove 30% as a tax break, then real financing without tax break would have been done at .77 cents.
Market price seems to be going in that direction.
I know that it is no fun to be promised one thing and given another. But how many times have I seen this repeat on this venture exchange.
Given that drilling was very little, barely scratching the surface as some say, I think that you cannot read anything into the next news release as data is too small to make a judgement call.
Shareholders are clearly disappointed and are voting with their shares.
For those who sold, you are welcome to come to NILI. They are proving up their deposit nicely. Several different analysts have price targets of $2.50 to $ 3.00 per share, with what they have found to date. It means a 500% re-rate from present levels.
My personal opinion,