Post by
Phantomblogger on Mar 09, 2021 9:53am
DOG & PONY SHOW
Our dog and pony show is now 0.90 cents, very close to 1.00 again! Woah!
So many of my long timers here may be reluctant about a $1.00 rights issue as per the wharf posts yesterday. Mainly, perhaps, many have averaged in at lets say, 0.30 cents over the years?
And now you don't want to dilute?
So yes, you're up 300% at 0.90 cents, and you don't want to add any more money.
But consider what Exxon is doing; Payara, Yellow Tail, etc, etc. Exxon is on a roll, as well as HESS. Please read the data and the news; Guyana is now the oil play of the universe. HESS sotck has tripled since November. Only our dog and pony show is going to drill ONLY ONE WELL THIS YEAR, just to keep the licence.
EXXON is explicitly calling for more SHORE RESOURCES to handle urgent developments at Liza, Payara, Yellow Tail, etc, etc.
So yes, if there is a rights issue at $1.00, you'll just have to consider thas it's a new investment which may double or even triple, etc.
You can't look in the mirror at what's gone. The opportunity is glaring at us, WHARF!
Where else can you put your money right now, when markets are bubbling beyond reason. To my mind, this wharf development is NOW a game changer.
Someone, anyone, speak to your contacts on the board, NOW!