All
Past mistakes are not really the issue now. They are history, IMO.
What is interesting, is the value of the assets versus the Cap.
Does anyone know what they have spent on land and development? My guess is several multiple millions.
As I alluded above, current leases must be worth 3 or 4 X current cap; even at fire sale prices.
If a Director is actually indicating that the frack will take place this quarter (as commented in another thread), then he must have something in mind for cash raising, and land sales seems one obvious answer.
Ann: Quarterly Activities Report, page-11
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