marma we were all duped. With no revenue to analyse, we were dependent on the company announcements. We expect a bit of spin, but EHR spoke complete garbage. When they said they controlled great projects, had funding partners champing at the bit to get on board, and foresaw no problems with CIFI - well why wouldn't that be true?
I missed flags too: The team sent to Djibouti that never reported; the un-released project review (no money to buy it); and no plans in place for the summer drilling season. The most glaring was the planned MT Survey at Copahue instead of a damn big rig.
All in all I stumbled by waiting (and waiting) for milestones that never arrived. I wondered that EHR could be so patient, but really, they knew damn well what was going on. It was me that was too patient.
I got slaughtered by EHR. I now feel that Mal sold because he knew EHR was a dog - not because of hardship or naivety.
EHR Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
