HZN 2.44% 20.0¢ horizon oil limited

hzn december quarterly - summary, page-3

  1. 1,178 Posts.
    lightbulb Created with Sketch. 1233
    That's a great summary, thank's Blam.

    To me, HZN is yet another example of a company who's management has tried to grow it too fast at all costs.

    With China and NZ production, it should be generating almost $500K per day and yet is still burning cash for the foreseeable future.

    Of course this leads to price pressure due to ongoing capital raising requirements, which in turn makes capital raising more dilutive.

    Don't have any confidence in their PDL approval representations. The whole process has confirmed their naivety and inexperience.

    GLTA.
 
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