Needle ill have a bet with you that in six months were still be...

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19/11/18

17:15

Post #: 36560821
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Originally posted by needle ↑

Originally posted by Bluey66
RX7, they have $758K in cash. Albeit they also have the directors loans to pay back (circa $8.0M) but at least we wont have to reach into the directors pockets to get M1 moved and re-drilled, we can do that from current position.
Agree that after this, we will need a farmin or similar to help fund the production costs, but one step at a time.

It's been one of the longest and most frustrating journeys of any stock I have owned, but there is a small light at the end of this long, long tunnel !

GLA
I owned this one, when they had an unsuccessful drill just north of Christchurch. That was about 12 years ago, I think.

Not likely I will get my money back from those SP days of 10 cents.....however there is a genuine chance of something big off todays SP.

I think in extending the depth of the well, Dennis Morton boss is hopefull of getting the oil and gas to flow. The problem is not whether there is oil in place....it is a matter of avoiding formation damage and getting flow to surface. Expect announcements of oil and gas discoveries here.....but look for what they have to say with regard to any sands or fines entering the wellbore. At .004 cents SP at least.....this is an exciting opportunity.

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Needle ill have a bet with you that in six months were still be .03 .04..
Nothing seems to change with this company.
Years of nothing but potential...
Its a sad sad scenario.
..

GGX Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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Needle ill have a bet with you that in six months were still be...

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