Call from Ron, page-6

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chillam

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21/08/14

16:01

Post #: 13852819
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Originally posted by Grizzle1 ↑

And the original post plus Buzzzzzz - interesting comments on any CR

Buzzzzzzzz
20 Aug'14 - 18:31 - 9024 of 9031 1 0

Teraferma

There is no chance of the remainder of the drill programme starting until after the production test.

WHY would you raise money before knowing the result of the production test?

If it's not commercial there is no point in having the money.

Trying to sell shares to raise money when the market is nervous about the flow test is idiotic.

I know for a fact that OEX are hoping to get the options into play.

They will come into play more after succesful production test and with an update on the CPR figures after the results from the flowtest are known.

It would be incredibly stupid to raise money now.

The amount of money they would need to raise for the drilling programme would need a placing with Instutuions NOT the Darwin facility.

I was rung by Ron Miller this morning and I hope he won't mind me posting what he said.

"We are waiting for the well to clean up and I remain very positive. When the well talks to us we will let you know."

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Griz
Did Ron make any mention of the fact (ref Blackhat) that 77H had fracced into a fault and had lost all pressure?
Or am I mistaking Blackcat's fraccing fantasy with his total loss of all credibility - zip.
The cat that cried wolf ..... lol what an absolute joke of a pussy.

OEX Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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Call from Ron, page-6

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