Dolphin,
I'm most certainly no expert & travelling on the seat of my pants, however I sort of see it this way.
1. No I didn't take out the 1.5m & can't afford to take a chance on that many.Somebody has been accumulating though over the last couple of months.
2. I agree with you re restructures, but if you can get in low enough it should not matter. The present price is certainly very cheap in comparison to some I bought way back in the past.
3. It seems to me that there are other small companies with a similar no. of shares & a project not as promising as this that are/ have been around 20-30c when their project looks like a starter.
4. Going by the timeing of the last couple of reports, I expect the June quarterly report out about this coming weekend. Hopefully it will provide some real progress.The last quarterly indicated a low cash balance, but a statement that it would be more than adequate to finance all activities prior to major fund raising & plant construction. This indicates real progress can't be too far away. However all is speculative & each has to make their own assessment, don't depend on my hopes.
Cheers,
Nev.
HTE
hitec energy limited
