PV1 10.7% 2.5¢ provaris energy ltd

substantial revenue increase imminent, page-14

  1. 6,402 Posts.
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    FF,
    when littlecorn said buy at 1.4c, littlecorn believe the date was a few days before quarterly report date, at the time, TTE said to shareholders that they got that little income flowing through from some 100bpd oil production, when littlecorn read quarterly report, littlecorn judged that the current production plus half of potential production (altogether say 250-300bpd) maybe not enough money for covering their exploration and expansion and admin. over last week, littlecorn also learnt that their proven oil may not come that easy, and even it turns out to be the case, sp probably will be somewhere around 2.0-2.3c (that's 30mil cap), and littlecorn does not trust TTE management so littlecorn sold his stake at 1.7c and become bigcorn.
    story finished, hopefully satify you FF.
 
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