Sonoro Energy Ltd (SNV)

[bwldforbucks1]

I see 7% in the latest presentation.

Also, they knew they were going to have to go this route in early summer. Why hasn't it happened? We're only left to guess....here's what we know:

-Mgmt significantly missed self imposed timelines
-Insider purchases stopped around the same time
-Very little operational progress over summer
-only new item I see is the EIA
-Weak bargaining position for a JV
-Rafuse has stepped back responsibilities

The above are facts, not opinions, and as investors is all we have to go by. There could be plausible explanations for all of them, or there might not be. From the outside looking in, it doesn't look good.

Granted all of this could change on a dime with annoucement of a farm-in. It's all a gamble at this point.