I don't know what to do here I am very confused. I would have thought this company has very good assets yet the stock price continues to fall!.... does it have anything to do with buccaneer's current predicament?
I remember them receiving US$70 million for just one asset about 3-4 years ago when the market cap was just $30 million.
However, not much shareholder value seems to have been created in how that money was spent and the rapid rate in which it was spent; this seems to be the issue at hand in my opinion.
It just seems like its a great company with assets that have incredible potential, with regrettably careless management who could have handled things somewhat better.
Remember, when there is no clear option, the best thing to do is take no action.
SSN Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held