I have to admire your enthusiastic and optimism, have been on this horse for 12 years without winning or close to winning. Would have made a lot of money parking the money elsewhere or invest in index fund, any index fund. Main hope I reckon is take over by COP, happy to take 15 cents a shares valuing the company at circa $36 m. It is also good for COP as they will get 100% of the development, therefore reducing the risk of dealing with a company with no capital, basically stump up $30 m plus to acquire remaining 30% of TP/49 plus other assets. It is hard slog for TDO to get funding once the free carried money is used up for the first drill. It is a very capital intensive game, I doubt the current management can suddenly change to high performance team & deliver for shareholders based on 15 years of dismal record. (can leopard change its spot?) Is good to be hopeful one need to be realistic as well.
TDO Price at posting:
4.8¢ Sentiment: None Disclosure: Held
