SWP 0.00% 22.5¢ swoop holdings limited

It is interesting to read the Fat Prophets review and one...

  1. 41 Posts.
    It is interesting to read the Fat Prophets review and one wonders just what they based their assessment on. Collurrabie is dead as far as I can see. Nothing more is to be done there in the way of exploration; the company has tried to get a joint partner in and that has failed; and yet Fat prophets still is pushing its potential. One wonders if they ever spoke to Falcon staff.

    Saxby is the only hope and that is a long way off. Drilling won't even occur until May/June so results may come June/July.

    It does seem to have some promise but it is very deep and so development will be very expensive.

    Given the limited funds in the bank and the current burn rate, it seems as if Falcon has only one shot left in its locker.

    I sometimes wonder why the shares are still so high!
 
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