Chord. Yes. Only one well producing with product being sold. Still awaiting results of other 2.
IMO, these are very early days (granted they have had several "early days- but, like you, I had been involved for a few years when Cottee was there and I sold and did a bit of dough, but, have got back in and reckon that they might just have a chance this time-famous last words???).
So, IMO, am reserving my judgement as far too early to do meaningful arithmetic and prepared to wait for March Q.
BUT, as I've indicated several times, all of their fantastic "plans" all COST and that needs "friends", viz. happy S.I.s and shareholders. What response (so far looks grim) that they get from the current CR will tell us what support, if any, that is there for them.
That latest purchase and the need to raise $2 million has thrown my thoughts out the window, but, if they CAN fund it comfortably, well, just maybe, they could go the next step. But, not holding my breath.
P.S. We are talking about a penny dreadful with blue sky ambitions and haven't bet the farm on it. Keeping it well and truly in that perspective.
AKK Price at posting:
0.6¢ Sentiment: None Disclosure: Held
