I don't believe we are in better shape at all. We have a bunch of projects with no real clear indication of realisation on any of them. Plus spending on others that are in overseas jursidictions (e.g shales).
I bought in at (equivalent) $1.15 and its got more than 50% to go to get to that level.
We are 70% off what this was trading at last year pre-consolidation. We are bleeding costs and recovering no revenue, and no 'roadmap' or milestones to getting a project off the ground to recover revenue.
There would want to be some positive movement soon, because nothing that has occurred post-consolidation has taken this back to those pre-consolidation levels.
Sitting Duck IMO. We are ducked. And I hold...and no, I am not downramping. Just think the efforts and resources of this OUR company could have been put to better use by the board.
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I don't believe we are in better shape at all. We have a bunch...
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