bargain entry, page-2

I agree this is bargain price. I've held a moderate number since 10.5 cents, however like you have done some trades over the years when value presents.

Current market cap must be around $100 million. Will be throwing off cash flow of close to $25 million pa. Can fund their exploration without recourse to shareholders. Seems real cheap at current prices.

I thought 60 cents was a solid base, so don't like the fact it has fallen below and stayed below despite market recovering somewhat, however on a fundamental basis hard to find fault.

Their last well was successful. The current one ... wait and see. If hits gas then should shoot up (would like to be more confident, but in this market who knows). If unsuccessful, well, hard to know what the market will do.

MJS