Sonoro Energy Ltd (SNV)

[bwldforbucks1]

So the presentation says one thing and the presenter says another, I've never seen the number above 7%. I'll leave it at that.

We both obviously aren't sure on the actual rules and regulations on insider purchasing, I'll call it a push.

Rafuse had his title changed recently from Chief of Exploration to Geological Consultant, check the site. Dale confirmed.

The missed deadlines may not have been their fault, but they formulated the dates and missed them nonetheless.

I've read the report. Nobody disputes the upside.

If they've been looking for a JV since beginning of the quarter why hasn't it happened is the question? Could be explainable delays or maybe not. The problem is as of now, the company is in a terrible bargaining position and I'm not even sure how feasible a PP is if the price keeps falling and they can't do a JV. If they do, I can't wait to see the terms.

Everything taken together is grim. Still a holder but with a pared back position. Not willing to go down with the whole ship, but willing to go down with a good chunk because of managements credibility.