Meerat, who would not buy their 10k worth for 37c with a producing well of 4M + pm and other to proven development well coming. The allocation was to give retail investors something. IMO. As opposed to nothing. You MUST make money buying them for 37c- surely...
Buy in poor sentiment times- with good forward earnings guidence is the key here... poor sentiment to investors right now. 10 cps this year... 20+ cps next year all looks good to me.
Low PE basis on forward earnings... real value based small cap buy now... IMO
HOG Price at posting:
39.0¢ Sentiment: LT Buy Disclosure: Held