CanAsia Energy Corp V.CEC

Three Years

[venture009]

Here we are three years into an energy boom and POE/CEC have been on the side lines twiddling their thumbs or awaiting on the big Thai land sale (when is the question) There seems to be little doubt at, this pace, another financing will be necessary to get anything of significance done, and still nothing on the Sawn Lake asset. What gives?.

[Fortunas]

I'd like to see progress in Asia and Canada, but I see the legal process in Canada as actually more critical to unlocking value here, particularly in the short term. Sawn Lake must be worth something, despite it being a challenging asset, it's a large resource. 

[venture009]

According to todays release the Sawn Lk. partner owes approximately $600,000. I don't know the details of this liability but this has restricted the company from doing any developement in Canada. This seems to be a small amount in the overall scheme of things when it comes to Sawn Lk. value. The focus of this company just seems to be totally out of wack. A lot seems to be put on acquiring

[radcat]

Round 25 Thailand auction has been scheduled and rescheduled and rescheduled for years. This is becoming monotonous. Waiting for an auction that keeps getting postponed is costing CEC shareholders a great deal of money. Expenses without any revenue is going to be the death of this company. Management should look elsewhere for an opportunity preferably an asset that already produces cashflow. Being

[venture009]

Agree. If you look at the level 2 someone keeps slapping down huge volumes for sale preventing any upward movement. Never understood their philosophy of concentrating on country not necessarily energy friendly.