Jenny we can all give reasons why you should buy in, as they are the same reasons we are in this company.
However with all companies there are risks involved. There is a risk that the JV won't be signed with Sentry. Don't ask to quantify the risk as that is unknown at moment. Sentry are doing a assessment into the holdings, and will make a decision and sign the JV in about 30 days or so.
If they do - there is potential for the SP to move upwards (don't know how much). If it doesn't then the Sp might retrace again, and the company has to spend more money seeking a JV partner.
For an indication of the oil in Krygastan check out CIG on the ASX, as they are also drilling there with a JV partner.
Lastly I suggest you do your own research, and not rely on posters here to give reasons for you. Made that mistake alot and finally learned that lesson last year.
MHL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
