IMO these latest developments are the most positive we have seen in ages. The joint venture with REY, all that extra cash coming, legal proceedings finished and management might even have somebody lined up for a farm-out.
These positive developments come on the back of their plan to cut salaries and take shares in lieu of.
I say again........... no management team cut their salaries and take shares instead of salary if they do not really believe they can be successful.
I hope I don't jinx the stock price in saying that I think we may have already seen the bottom at .04c.
Newregime might be right about now is the time to buy. Hopefully accumulation starts occurring now with bias to the upside.
Sentiment is Hold with Anticipation.
OBL Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
