Geez - these guys love the black or red at the roulette table.
Unfortunately I went black on the last drill hole but it came up red :(
They have just enough money for this one drill so I hope for those still left in this company, or are just joining for the ride, that all goes well.
It seems to reeks of the same method though - a bunch of asx junior oily hopefuls, all penny dreadfuls, are bought on board to pay for the well and all sit with their fingers crossed while the bit drills and their money is spent. Another loser means more dilution and another raising.
I love the expression 'develocat', or something like that - they even make up their own jargon.
I am sure the pump will come enough to allow those inside to get out again if all is going wrong and yes - I am still bitter about the way this one was handled throughout the drill - little news - trading halt when the drilling company stayed open in Canada - the selling before the halt. Fair playing field hey???
TNP Price at posting:
2.8¢ Sentiment: None Disclosure: Not Held