HHR 8.33% 0.7¢ hartshead resources nl

Gotta, I know one of those people was just a desperate long-term...

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  1. 81 Posts.
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    Gotta, I know one of those people was just a desperate long-term holder grasping at straws to average down on his massive current paper losses, hoping something will come of it in the end, if only to reach 3 cents to break even and slowly back away having learned his lessons about investing in micro-small companies.

    I was looking again at their latest releases, and do understand why they pulled out of Jany based on $20 oil barrel prices. Talk about the worst possible perfect storm to decimate a stock's hopes. Now is the question of what they will do with the ~$2MM : Option 1, they haven't released the GAS pressure results and haven't ruled out going back into Siciny for the 21 square meters of conventional gas at the shallower Rotliegendes depth; Option 2, going after a new Rotliegendes Gas well at Rawicz North, but how much additional CR would they need on top of their $2MM to pull that off and could they get a CR in this economy (plus Option 2b of perhaps conning JKA shareholders to pony up the funds); Option 3, sitting on their cash until Q3-ish when they get word they have won some of the 7 bids in South North Sea and wait for the Oil prices and economy to get better and launch a CR to go back into those existing wells and pump out what the previous owners left behind; or Option 4 <someone-insert-something-viable-here-to-give-me-hope> ?
 
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