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11:36
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Originally posted by stumpytrunks:
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No, stop making statements to suit your agenda. I am saying that if the well successfully flows that they have sufficient liquidity to drill more wells - not contingent on all of those variables/assumptions holding true other than a decent flow rate. Obviously if all hold true then it is cleaner. If it doesn't hold true then they don't drill. It's a very clear binary decision making process from here. Even if it doesn't flow at all they should be able to cover outgoings from cashflow. If not, they have a sizeable market cap that would make a small placement or cap raise a non-event to fortify the balance sheet. I really don't understand your point. There are four options here:
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..... hasn't been able to pick a winner in the last ten years.....so he's trying call a loser...that he hasn't already called as a winner....he did that about 6 yrs ago.....lol
