investing now..., page-16

claws.
Lets say you borrow money at 9%. Lets also assume you are paying 40% tax, so the money ex tax relief is at a rate of 5.4%. That means if you buy cvn at 38c,as long as it goes above 40c in the next 12 months , you to have made a good investement... Now ...What do you think your chances are with 30 odd development/exploration wells are with, $31 million in the bank and a potential 30m barrels of oil underground.
Lets also add that 40c could arrive tommorow..Infact you may even get 46c by the end of the week...