wrong conclusion Black... "we are going nowhere"..
We are going down ware !!!
The 1.5M x 2018 means burn 6M just in wages..But please look deeply the expenses.. Sometimes tickets,lunches etc can be consider minor and its not.
Also remember the "legal fees" in Brazil goes to one board member daughter. Please include in the wages..
About the release involving Brazil,sounds good... probably will come less drill..
But put attention how "naturally" the CEO, oppssss sorry... our Managing Director says "we are going to production.." even without have a prove of commercial value.
If I were this gentleman I will really be careful...
With so not successful management they (not we because I don't carry this share) should me concern state like that..
I remember when we went to list in Brazil Karoon... Another major disaster of communication x factual events...
Looks like they don't learn with their own mistakes... Typical of autocrats
good day everybody..(amazing isn't it ? the "market sensitive, works... 4 cents up after a week of 25 cents down...Definitively they have NO IDEA WHAT,WHEN and HOW communicate.(and I bet their buy back share will works against..will be fuel to shorter).
Cato
Ann: Santos Basin Brazil Revised Appraisal Plan Approved, page-6
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