"The industrialization of the natural gas will begin in the plateau with a plant that would settle in Ayo Ayo to produce 200 barrels per day (BPD) of synthetic diesel engine"
For 250,000,000 dollars? That is a boondoggle. In the oil industry that is a joke.
200 barrels of oil at $60 per barrel per day= $12,000 per day.
Synthetic?
First Share dilution and now synthetic oil?
This company is losing focus. In light of all the events that have transpired in the last three months, I will now consider exiting my position. Without forward progress in Cerro Rico this stock is dead money.
It is my opinion that the share dilution and the heavy selling is a sign management is also heading for the exits. I have seen this happen so many times.