Kiwiboy, I know what you are thinking. I want to average down as I’ve lost $70k on paper now. I just feel that DC cannot be trusted. It says in the ann if only they get $4.5m then we continue drilling. If they get half the requested fund, we are screwed. They just going to use the money to pay creditors and find a partner. So if I pay up and we don’t raise $4.5m I still won’t get to see well2 drilled. I don’t think they care. If they don’t get the money they will sell the assets and start all over again. Maybe sell it cheap to themselves. We really need to be smart now. There is a real chance they will try to liquidate and sell the assets maybe back to themselves if they think there is potential otherwise just let the company dies.
PRL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held