Cardinal Resources Inc fka CDNL

[Burnt before]

Just sounds like the same old waffle/plate spinning to appease shareholders which if you actually analyse means nothing has actually happened to actually add revenue to the company, its always just a little longer, its been this way for the last few years.

Before anyone one tells me to sell up and move on its is trading at the bottom so i can hold a few shares for pure speculation for not much money. But its no golden goose and all the excitement over another update that does not actually put any money in the company coffers is too funny.

These updates are just PR to the shareholders to keep them happy for a while , only official filings actually mean anything, to prove my point this In the news release from exactly one year ago

http://c.eqcdn.com/_a8954af173fd2a057c624938c4ebbde4/cardinalres/db/3/4213/file/Bayelsa+restart.pdf

Promised a lot, delivered nothing and no follow up on any progress once the dust settles. Par for the course it seems

I am sure this Camwater saga will continue to drag its heels, all the while no audited financials, no ideas on actual debt/revenues share count of CDNL only the promise of a potential big pay day, which is getting a little old

Hoping that some excitement is generated from this to the less well initiated so i can flip it, because the chances of non delivery and the PPS falling back down is pretty high based on history
IMO.