Originally Posted by
digger
For me Geezy your post hurts. I did take a look at Cue just before the cash issue at 15 cents. Bought 1/4 million at 14 cents and now it is the only oil stock up from that time. Would you believe i looked at selling all my PPP shares at the top and going into CUE big time.The rational in hindsight was 100% but talked myself out of it on the now very weak excuse that as the directors of PPP had a big stake they must know what they are doing.Boy was that 100% wronge .
Nog and PPP will have some very serious thinking to do before hoping into more drills.Most likely finding the size of Kupe and TUI is the now better way to go and leave out the wild card get rich [get poor] stuff until we have a better understanding of what we are trying to do. Clearly our it is back to the drawing boards.In fact now i am thankful we have no more drills coming up as that means no more falling SP. Today the SP is lower than if we had never done these wells and given the same monies to the poor.
This will be a discussion for the AGM. To drill or not to drill,where to drill,or even how to drill.Are we any better than a map on the wall and a dart.After our 4 nil drilling outcome of this season these questions have to be asked before any more money is thrown at dry holes.
So Geezy maybe your post is the best way to go. Cue is still under valued and better to buy the resource than to go off on our blind search looking for it.