"The little shareholder looses again."
Cheer up Bullant the last CR was at 11c so many bigger shareholders still underwater including our biggest who purchased up to 15c although his average is nearer 8c I believe.
This is far from a joke of a Company , considering we have no income and as yet no reserves we have held up very well in an incredibly difficult time in this sector, many Companies have had their shareprice decimated and many will go to the wall.
Despite the two CR's our shareprice at 8c will still be 100% up since our first discovery.
Sometimes you have to step back and get things into perspective, this was always going to be a high risk ,longterm and expensive project and is really for those with a longterm view. The fact some of us have entered at a higher price is not the Companies fault they have no control on what markets and oil prices do.
Results Less than expectations with SNE 2 and raising now would be seen as very timely, results above expectations we will wish they had decided to roll the dice . For whatever reasons they have made the decision not put the Company at risk and also go for a larger amount, I for one can live with that, they have all the facts...
Cheers Whisky
