RE: MM's20 Feb 2020 19:15
18:34 too easy to forget (or just to convenient to forget) how the jv came about, the initial objectives and the financial model on which our plans were based.
The financial model courtesy of Bill Walker and the Saudi attempt to crush US shale crashed leaving us with debt (underwritten by SOA) that costs us dearly in interest charges and of course the death of Paul Basinski,
Most of the junior explorers that existed on the slope when we got there have now vanished or been taken over, we are still alive and kicking because we had to ability to raise cash to keep the business operating, even if the well results have not gone for us, we have been able to do enough to gain a FO with PMO .
If some of the critics could actually point to a way of accelerating the companies exploration and financing it without some form of dilutionary affect I would be very interested.
But as usual the motives for the critics are wide and varied although filthy lucre normally plays a role I suspect we have one or two at least inadequate individuals.
Dreams are fine but we live in the real world.