Ohh yes MD states they are not worried about 3 Mil offered to retail investors at 37c. As they secured 15 mil at 38c and this discount was only given to accelerate Well 2 and 3 development. PLUS construct their very own GAS PLANT.
They are not holding ANY in storage as soon as out of the ground it is being sold now at great prices. In huge demand... royalty free for several months so keep pumping it out as fast as possible I say.
It did look silly not to wait a few months for the 20 mil in bank. But MD wants fast development to reach goal of 100 Mil pa in 2012- he seems determined which is GREAT.
ST pain in Cap raising for ST gain IMO.
HOG Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
