yep drill we must
In malcom we trust
hit oil or bust
obviously folks like to weigh the pro's and cons of the current finance hunting brigade...and thats fair game for deliberation of course
but I think we all know the game afoot, historically and really some of the old what for is getting a wee bit tired.
but seriously...with eegc as with any other spec play, the informed startegy is to set aside 75% of your wager for times like these.
afterall it is a spec play, and spec plays almost always have hiccups ..pps drops...catastrophe's...lengthy delays, snafu's...you name it...having a pool of powder on reserve instead of vested at outset, is the safer move, as things stumble re-evaluation of the spec's, may or may not lead to a more equitable pps avg.
and that is my contention with the ballyhoo comparisons to what I like to call post commercialization/revenue positive plays
The two are entirely different and should be treated as such.
Sitting down at the poker tables comes with many caveats, investing in a company lead by a man with a message from god, has even more.
Ludicrous to assume anyone at this table is expecting positive revenues, without some kind of progress.
So yup.....rights offering didn't get the drill turning, and rightfully so....7 cents was just not something folks were going to throw at the company....malcolm has to have known that, and had better be working up a better plan.
there i said it....but really....so bloody what.
cheers
