The release of drilling results must be imminent. I have been waiting on the sidelines on this one for a while now, wanting to see some results before getting in.
It seems by the strong sell off today that perhaps something is going on with the quarterly due soon.
The problem here is that with such little cash if the results are disappointing they will have to raise capital at a much lower price diluting everyone.
SNU Price at posting:
18.4¢ Sentiment: Hold Disclosure: Not Held