WIND RIVER ENERGY CORP V.WVR

MDA

[macbethorfaust]

Financial statements (ending Sept 30) are finally out and are filed at Sedar along with the MDA.

https://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00026190

[macbethorfaust]

They say by the way,  that they have proved and probable reserves of $8.9BN.  After expenses they show net revenues (doesn’t include all their properties) of a low of $195M to a high of $2.48BN.  This would be fantastic but for the fact that one has to wonder then why we’re still trading at 3 cents. It might have something to do, at least in part, with the fact that they aren’t

[crumplestiltskin]

MACBETH:  I think the current price merely reflects the reality that the company has no cash / no jv partner - hence, no ability to drill the land.  Their ONLY options at this point are to farm out the land, sell some property to raise some cash, or dillute the stock (even a one million dollar cash drive would add 35 million shares - and this would only get us ONE