Rooey let me explain to you what your PCL is in a couple of points:
1. 3 million in the bank 2. 170 million market cap 3. 10 percent take home of the oil after Namibian government takes the rest 4. Seesmic being released shortly means nothing without a drill 5. Drill starts 6-12 months time after multiple cap raises 6. no seal or trap confirmed, no porosity valued, no permeability values, no fluid sample to surface and multiple dusters in the area from the big players
In summary you have a long way to go and minimal equity in your oil which means right now your pricing in everything which is 12 months away. But still going to be worth more than MAY yeh?
PCL Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
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