Things holding me back in buying more at these levels are:
Not confident after the seismic debacle and now WDS
Not confident the BOD have what it takes to deal with a major and create a good deal for SH
Timeline maybe to short to meet that Jan 26 deadline
If we don't drill by Jan 26 we have to commit to more 3D or 2D which is money we do not have
Our balance sheet indicates to possible partners we are but a very small fish and are desperate to find a partner
Not willing to through good money over bad as now in a loss position
Thinking will just place in the bottom draw and forget about it and hope in the next few months a miracle will occur and push it back above 0.02.
Surely PCL have to come out shortly with some more details on their plans chances of finding a partner. No news will only drive price lower especially with the deceased estate.
Rooey
PCL Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
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