"His travel itinerary during that time would make most of us weep."
lol. too right. i guess if i had given myself a payrise for an underperforming company, i too could travel as much as barnaby.
xerox, think about it:
nothing of significant value can be bought with only a couple of million dollars. the last three acquisitions prove this. so what can one hope for?
a producing second rate O+G venture these days is lucky to merit a mc of $20m, and that is after spending at least $5 or $10m on some hit and miss drilling.
now with 2.9b shares and 400m options already on the register, the rights issue and placement could see upwards of 4.8b shares and 2b options.
fully diluted, 6billion shares, and still not enough money left over to drill.
CVI all over again?
FUT Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
