PV1 0.00% 2.1¢ provaris energy ltd

announcement pending, page-125

  1. 9,599 Posts.
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    I wish you luck BC.

    I guess options holders seem to get a little better deal this time.

    Consolidation is just like correction of management mistake after a free run of issuing shares like paper for services and assets acquisition.

    I'd personally been through a few shares consolidations like BLY, LKE, etc.. Sold out quickly after with big loss. If I still hold on to BLY until now, my original investment would now be worth 1/8 at the current price of 44c.

    Can anyone here name one company they own shares that went through consolidation, and still come out with profit ?

    Of course if Titan to hit good oil over the next few months then it could turn out to be a winner!!..

    Anyway, I'll try to follow to see how much oil can they extract from AD using modern drilling technique as claimed.
    Other Texas salt domes player like Linc hit good oil, but the wells tapered off very quickly..

    Good luck people..
 
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