Read an interesting article written by the CEO of Apache Energy. He was saying they are just waiting for these little explorers on home soil who have no idea how to extract value for their shareholders. He went on to say that when directors could no longer be paid it was a good time to pick up the assets for a good price.
I remember when our Top 10 forum member mentioned months ago now that Apache Energy was interested. He got this investment so very wrong. Apache Energy would only be interested in OBL at fire sale prices.
Is it a fair assumption to think that our management have no idea how to extract value for their shareholders ?
As of this date there has been no voluntary administration announcement made to the market. On that basis I assume directors are still paying themselves and covering admin costs. How long this can continue I do not know.
What I do know is that OBL's cash burn with no income can not go on indefinitely. It will end, that's a fact.
Read an interesting article written by the CEO of Apache Energy....
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