Have to say it doesn't look so good on the company as a whole, but at the end of the day investors here have to focus on two things.
First, that some 40million shares is a drop in the ocean, dilution is minimal and should affect the sp for a fraction of a cent...
Secondly there as been too much talks of recent about what MK-1, what could or could not have been.
MK-1 is in the past finitooooo.
With this waste of energy and talented commentators on here, we are loosing the opportunity to take a proper look at MK-2, its geology in details and potential.
Looking forward for a video from Trove on MK-2, that, if he will make one. He was quite critical of MK-1 (sorry back talking about old memories) but on some concept quite spot on....He also suggested that current MK-2 location was the best bet in that particular area, for an oil discovery, same spot chosen by Mobil Oil.
IMO we have now coming with MK-2 the best of operation and logistics, the best of location, all resulting from MK-1 experience, this must have de-risked further coming drill.
Time will tell if there is going to be oil/gas, share price wouldn't be a current lows if we knew there was commercial producing oil/gas, from MK-1 so what's the point in revisiting that drill.
I do understand many on this board have huge experience in geology and drilling and can't resist making very informative points and explain concept based on MK-1, but to what avail?
Aren't we investing on coming MK-2 which by the way is many kilometres away, from MK-1 hence formation por/per, seal and net pay sand could be completely different from MK-1 ???
So cheer it up folks, lets the drill do the talking, in the knowledge that this time will be 1000% smoother and finger crossed.
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