I don't think we are at the stage where we need a miracle, remember we still have decent cash flow with 2 more wells to come on line at some stage, it is a case of if you want to tie the cash up here for the next 6 months or if you can make it work better somewhere else and then jump back in here if you wanted to if it was timed right.
Personally I don't want to sell at .002, I would rather sit it out, I just hope the consolidation doesn't drive the price lower than this.
At these prices we could be seen as a nice takeover target, especially if Desiree comes up with the goods.
All in my opinion of course, I just think we will be worth more than 7.5 million in due course.
Cheers
1hammers
share consolodation, page-49
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0.6¢ |
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Mkt cap ! $12.57M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $1.843K | 307.1K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1835723 | 0.6¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 1449825 | 7 |
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