well im sorry guys, Ive been saying it for 5 years now...
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Gurame
---> pre estimates suggest there is something sizeable in the discovery but to support a growth company thats another question... let alone support a company wanting to maintain a market cap 100m plus...
I really think this has downside risks that far outweigh returns.....
The monies will be a welcome drop, but they don't support a growth company... they aid in its survival... and thats the key difference to this prospect..
MEO need oil in this next well, and then maybe its back... but things are going to be looking very weak after this little expedition... its time to shell up is coming...
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MEO offices were cunning with that 24.5c placement...
Effectively that reduced MEOs stake in heron,
If anything thats been the good outcome from Heron to fund Gurame, and fishing ENI in to set it all up... hahaha....
I sincerely hope the next round lands a big popa;....
The Heron dream was over 5 years ago after I sold when I was all in...
.^sc
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