Replies to post #9170 on Hero Technologies Inc (HENC)

[Al4343]

Interesting that ALL of your responses seem to be based on your perception of the facts that TGC is in a much better position than HENC. Wishful thinking???

After slow playing this for years operator TGC has TWO dry holes to show....

Al

[Hamilcar54]

No I'm not overestimating the TGC cash burn, everyone can read that in the filings. The company made a loss of 1,6 million in 2015 (amount is about the same in 2014). So you see I was very conservative in my 1 million$ cash burn...

And let's not forget this line in the annual report:

"If the Company does not achieve profitable operations after the planned drill program at PEL 444, the Company will need additional financing to continue to develop its oil and gas exploration and evaluation assets and to continue its operations."

The longer you wait, the less you can drill, that looks very obvious to me.