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T&T is an absolute lemon - the reason why the previous owners...

  1. RussianRoolet
    3,673 Posts.
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    15/08/13
    11:08
    Post #: 12198675
    T&T is an absolute lemon - the reason why the previous owners sold and never tried to increase production is obvious now.

    As RagingBoom said, the only way to justify the current market cap is if the BOPD figure was gold not oil.

    A reverse split and re-capitalisation is just around the corner unless they announce a Texas dividend (say ~4p) or spinoff Puntland Assets (say for ~30p) post a 100-1 reverse split.

    Will be great to see the merger synergies and efficiencies qualitated/quantified - what a joke!

    Circus De Herera!

    RRS Price at posting: 4.0¢ Sentiment: ST Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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