Maverick in support of your sentiment but as a disenchanted fellow let's just reflect on some simple facts which are nothing to do with me expressing an opinion. TDO shares are unfortunately 9.1c but 4 DLS shares are now worth 13.2c an increase of 45%. Congratulations to all those who didn't accept the DLS bid, not to mention the expenses incurred by any company involved in such defences. At 30/6/09 DLS had $7.75 m cash( which it was stated was sufficient for future needs including exploration) and production revenue.
In my humble opinion TDO have insufficient cash to drill anything serious without a partner and as has been noted before, access to capital gets harder with no good news. In the meantime I join you and Leod in looking for some action. The money won't last forever.
TDO Price at posting:
9.1¢ Sentiment: None Disclosure: Held
