RE: The P.P.Hey Piper, I believe your thoughts are correct. I received the same information weeks ago. One thing is for sure. Those who are fortunate to get into the PP @ .05 are sitting pretty good at these levels.(At least on the PP shares). Hopefully more than just the closing of the PP will be on the way soon. Let's see if CD can maintain a higher range. With the lack of activity over the past couple of years, CD has certainly fallen from many radar screens. Now it will be time for most of us to at least climb towards the top of the hole we have been in.
I would certainly like to see CD get some drill results from Al Masna (and elsewhere in Yemen) before any JV partners sign on. But then again, if someone came along with a $ 17 million CDN commitment to earn an interest I would imagine it might be too hard to turn down. As no JV partner has decided to sign the dotted line as of yet, it is more than likely that CD will continue to work the properties for 4-6 months for at least a couple of rounds of drill results before signing a partner.IMO. (The optimist that I continue to be).