Sonoro Energy Ltd (SNV)

[jojoba]

SimplyTheFacts, same like you, I decided not to average down. It is very risky at this point, and management is too quiet lately.


The Albanian JV delays made me sell everything for a spectacular profit a few months ago at .36 to .40 after loaded big (really big!) at .07 - .11 when they had a small number of shares and great (but delayed unfortunately) prospect with the Sonic Reactor.

I only have now a 100,000 shares position 50% in the red, and even if it goes to 0 it will only make a small dent in my profit from SNV.

I am now in knowing all the risks, the bad records of Sonoro management with Sonoro's projects, the HUGE number of shares, the good records of Wadsworth with Bankers, and hope for a news of any kind like start drilling or beginning of a farm-in or farm-out or any other deal, while I am ready with my finger on the sell button to end my involvement with SNV at first pop above 20 cents (30 cents would be preferable). I give it by December 22, or I'll sell it at any price.

I wish you all well.


SimplyTheFact, what else are you investing on?