RE: Research27 May 2022 18:55
willec: "we are in a much better position now with no debt and oil being produced" ...LOL
You seem to have lefts the facts behind here willec, so let me fill them in:
Much better position - WRONG. Raised millions at shareholders' expense (and not benefit), issuing billions of extra shares in issue and a 100:1 consolidation, not once but twice since!
No debt - WRONG. A debt repayment plan is underway and they have a horrendous reputation in the industry now becuase of it
Oil being produced - CORRECT but misleading. It's piddling amounts and nowhere near what would be required to fund further exploration on the scale being proposed.
Just call me fact-checker Briggs! LOL!
#knowthegame #filthytraders