General chit chat thread., page-3676

Yes you have as well. I was speaking to another investor (who doesn't hold, but has heard me talk about this) who thinks EXR is a lifestyle company for management, the MD on circa $500k pa since 2008-2009? Not a single project brought to a commercial level, and if so, the share price will unlikely every get into the multiples of dollars given the costs to advance the projects, the small amount of cash at hand and the need to do cr's to raise which dilutes shareholder value. Every now and then you need someone to slap you around the head with a wet towel to see another perspective. The acquisition of the recent leases indicates a 'rinse and repeat' process to ensure management keep their salaries coming in. Unfortunately I cant prove him wrong, yet.

At best we can hope for gas breakthrough at Nomgon, giving us the ability to sell the asset off to the Chinese, and DD-2 showing flow results between 5-10m cfpd to make the project viable for a big player. I hope we can get to an Arcadia type deal that Prospect Resources did in late 2021 which saw the company sell the asset off for around $1 per share and then go onto their next project. The next 6 months will tell us whether this investment has been worthwhile or not.

Like you said, we're at the pointy end of these projects, let's see if management are worth the money they command.