I cant justify buying back in until they either fix the funding permanently, or have two successful wells. By successful, I mean average or above for the area and without any complications, investigations, shut ins, etc.
And in reference to funding, I understand the only permanent fix is likely to be initially painful. Instead of this continuous dilution, they really need to take it all at once and let new investors get in on ground floor without the fear of constant dilution. Then the sp may improve with results over time.
Friday was a great sell opportunity imo. But time will tell.
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