kippa5...you said less than 300Mil shares on issue. That's exactly the issue. If management hadn't diluted the shares and raised capital at a more appropriate issue price (which they could have - so no one give this nonsense that they couldn't) then we would be up near 20 cents. I've said it 1000 times...the market wants to see the cash coming in from all these projects. Until that happens we need to get used to 5-10 cent range. PEL105 is also a big if and there has been so much hype around this to date, in fact years of hype.
The one question I have for everyone is this:
Why didn't AKK drill PEL105 in 2008 when things were rosy and they had the cash. All the permits were in place, seismic completed etc. Ask yourself that.
No one is prepared to punt on this until they have some concrete results. At the moment we have paper mache.
TW
armstrong production asap, page-42
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