even silence has bounced 3d shareprice up in a down market.
pity is that bhp really only spends man hours on big projects.
when running a junior oiler,and someone else spends a lot of money on improving your prospects,why not announce it?. this should be exciting,not frustrating.
in the minnow oiler sector,management can send their shareholders 'stale' over 3d's 10 year vision this might not matter,but 3d has missed the chance to raise capital in the 30's---which any experienced junior management could have carried off.
management are hanging onto control for grim death,the 10 year vision and signing nothing away until oil hits 150 dollars is a 'unique' strategy for a mini cap becoming a micro cap.
TDO Price at posting:
20.0¢ Sentiment: None Disclosure: Held