RE: so, underwritten or not...10 Oct 2018 11:01
marineville anyone forecasting a CR on this share will ultimately be proved right, we have no income only outgoings and for those who think otherwise then they are in cloud cuckoo land, the important thing is what we do with the money when we get it, for all the noise about Dave's salary he is just one very important guy in a very small team in reality, the staff performance reward starting calculation base is now 3c so even to get on the ladder we have to see a substantial increase from today.
Work out what we have spent on exploration inc. 3D, leases + rents and compare it to running costs of business.
Sure some wrong turnings may have been taken but the company history (88E) was founded on HRZ, conventional was secondary and everyone it seems remembers the multibaggers but not many remember the caveats.
Next year we have the Winx prospect and hopefully ( might be 2018) a Farm Out or two, one thing for certain no one knows for sure on this board or indeed any board how talks, negotiations are progressing.