You sure did - well you know all about this company then from a perspective not many have. Your input is valued on my end that's for sure. It's really unfortunate the old CEO did what he did with this company. No shareholder should have to endure what you have been through. To burn through over $60 Mill dollars to get 140 something barrels a day is truly bizarre. I get the midstream and the large lease position but this could have been acquired and under production for a fraction of what he pissed off rather foolishly. Some of the worst moves I've ever seen actually. But from the ashes the Phoenix will arise and people live and learn. We're in really smart good hands now and I do believe Wlilliams is going to move into partnerships, JV's team up with others to explore the large acreage and drill targets. They don't have cash so that's their only option or get a large injection of capital from bankers. Either way I don't wish to see anymore dilution being dropped in shareholders it's not fair to all of us. To systematically destroy your shareholders with massive dilution is wrong and needs to be stopped. The mismanagement and piss poor burning of shareholders will not help them going forward from here with a new CEO.
I meant to say David Robinson earlier post not Williams- don't know why I said Williams. The new CFO appears to be real sharp as well the gentleman Derek Gardiner. We're seeing .05 today and volume is here- we're gaining traction and certain circles I can tell. I'm going to be adding more next week and build my position up even more. Then I'm going to sit back and watch the late comers push it up even more while the company cuts deals with partnerships and streamlines more of their operations.
To reduce monthly expenses by $70,000 already is a job well done and I expect this to seriously be up in the $1.00+ range eventually. That's why I stayed out of the fray in the beginning I thought they were paying to much for their assets and the stock was paying the price along with bad senior management based way over in Western Canada halfway across the world and out of touch with NZ.
This was the smartest move they could make bringing in Mr. Robinson and Mr. Gardiner and they are being proactive in their cost cutting and already talking to potential deals with exploration and development no doubt.
I like this company and I see the opportunity it presents. I don't say that often by the way.
This board is going to get busier you watch when it starts attracting attention as we go along here.
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