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news needed, page-12

  1. 469 Posts.
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    bluey u make some good points, however 3.5 million is not going to be a game changer in terms of revenue for us. that's about what there trying to raise and don't seem to be able to do it. plus before the raising they send us a report on how good the drilling is going and the shareprice is suddenly above the capital raising price. it does not take Einstein to work how that works does it? now they have our money seems like its a sell again and no other news coming out of this company. its our own fault for being so naïve I guess, it just annoys me that people are still singing the praises of management who in my opinion have come up with nothing year after year but still want us to cough up our money for another hole in the ground. the one good thing is that we own our rigs and can lease them out any idea what revenue that could produce over time? seems like that is a good option at the moment as it seems the rigs we own never seem to hit any decent oil. I would be interested to hear your thoughts on that scenario im not trying to be negative I own lots of shares but am a bit fed up with the obvious hype before they need our money again. good luck to all of us we need some luck here.
 
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