Gregquote:Originally posted by gregoroius
Yes they look very interesting.....but is the recent dip in the SP a prelude to a rights issue???
I am sure they will do very well with whats on their plate but like all mini oilers-cash is required.
I would not buy until this is obtained or debt funding is locked down.
All the best to holders
G.
Dip in SP is in line with dips in most small oiler rescent SP and difficult to understand.
This Co. has positive cashflow, plus 6+ million in cash.
As Lambton says finance for maari is already underwritten by BOS.
I particularly like the attitude of management team towards shareholders. No bull no hype just the facts as they emerge. Perhaps this is reflected in SP. I think there will be some scrambling when maari developement actually gets underway.
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