Replies to post #486 on 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.

[killawhale]

Thanks for the info on the new slides I was waiting for that to get cleaned up. First off, it is 7% not 17%...huge difference, the fact that they have not purchased any shares since June after purchasing shares nearly every month for the past year is also a little concerning. I am of the opinion that a PP would effect us. They would need to issue at least another 100M shares to get enough to carry them into drilling. Our last PP was a total of 80 M shares that were issued at roughly the beginning of the year. You can pull up a chart and see what has happened since then. If we were to PP I would expect the sp to fall in the mid single digits..not the end of the world and positive drilling should help us recover, but still..definitely not the way to go which fortunately management agrees.