corporate vision?, page-17

striebs, we've had long enough to take a good look at them and now their record speaks for itself.

These guys are honest, earnest & naive to commercial pressures.

They may well know how to run a project from a technical p.o.v. but absolutely zero ability to successfully manage investor relations.

had they followed the path I was suggesting almost 18 months ago, they would have ramped up their market cap, raised a good whack of cash (20m) and had no further dilution or cashflow pressures for 2-3 years.

They wanted to run the perfect technical project as though the money would never end.

They will end up farming down further, probably down to about 15% for another 7-10m, in order to fund the horizontal drill&frack...which will probably take 7 years going by the vertical frack timelines!


Obviously I am very disappointed.
Management have scored too many own goals.

Sentiment: trading stock. Buy/Sell as you please.