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small_timer

09/28/11 10:48 AM

#499 RE: SimplyTheFacts #498

I can't help but agree with you ... these guys have been late with everything. Perhaps that is part of the 'first-mover' advantage.

I am concerned about the money situation as well. And if its not money, I wonder if there is something else that is holding this show up. In any event, the longer the drilling gets delayed the less cash we have in the bank.

Here's hoping for a miracle.....

bwldforbucks1

09/28/11 11:52 AM

#500 RE: SimplyTheFacts #498

My theory for the last few weeks was all of the delays had to do with financing. They stated in the MD&A they didn't have anywhere near the money to complete the full program. It's obviously all speculation, but Rafuse cutting back his duties was my key to unload the majority of my position to salvage something.....if they come through with a JV this stock will make millionaires out of people in down here. Just for personal reasons, I wasn't willing to go down with the ship.

All an opinion.