drilling, page-25

12
Thanks for that. I do have CAZ on my Fairfax news alert.

Neil_WA
I think if they announce a further 1 ~ 2 week recovery delay, the sp will almost certainly slip down under 50 ¢. In which case I will be off loading 50% of my holdings and attempt to average down again. It worked last time and do not see any reason why it should not now.

I made a post on this site some two months ago, stating that I thought the directors should seriously consider striking a deal with one of the majors. Just about everyone bagged me, stating that they have heaps of cash etc.

I think most would agree that the hole will eventually come good and Leadville will be drilled, but at the same time cash burn is becoming more of a concern as each day passes.

If you click on the following link you will get a clearer picture of inherent problems and subsequent costs in deep drilling for gas: National Energy Technology (After viewing, please hit your keyboard backspace to return back to HC.)

Remember that the best trading skills we could every hope to achieve is discipline.