As for the war of attrition and hopes of capital raising are concerned, there is no doubt that management are continuing to maintain their path of progress through frugality and smart business decisions that do not whittle away money, unlike the majority of other operators.
HLX has ran on the smell of an oily rag and kept things moving with sticky tape and rubber bands for long enough not to be distracted (once more) by flashy brokers and short-term gains. We still have more bullets in the chamber and the calvary would have arrived well before the last one is wasted.
I really and truly hope you are right. How are they able to do things so cheap? Surely the current drilling plus planned follow up drilling is costing money though? When do you believe the current amount of cash will run out? Are there weeks or months worth left in the kitty?
Do you believe Chile assets should have been sold to raise cash?
Whose fault is it primarily that the SP is 3.8 cents when the company has made so much progress?
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