You seem to be very happy with the management.
Since inception in 2007, more than 10 long years ago, haven't produce or sell a drop of oil or 1 m3 of gas, and at best if everything goes well from now [with funding and partner(s) secured] another 5 years away before TDO sell a drop of oil.
This is by no way a Grade A or B or C company whatever yardstick or standard you use to measure of having a competent and business savvy people running the show.
One thing is certain after this round of CR, the office lights will be on and the Directors will draw their juicy monthly pay cheques for another 3 years with no certainty of success or improvement of its share price.
It is not that easy just to sell and walk away - if you bought at more than $.40 and can't afford to realise the losses now and many investors bought with their SMSF money.
It is just frustrating.
TDO Price at posting:
13.0¢ Sentiment: None Disclosure: Held
