RE: Key points16 Mar 2019 12:44
Great Post , In addition a company that has good cash flo can borrow money at keen interest rates as estimate per drill at HH is 3 million first two already covered , and est revenue of test wells and commercial port in production will see a 2 million a month revenue, I have to say when we reach that milestone we may see a buy out of HH . and a return to BB . Its full steam ahead now for this company . The dilution occurred because of the need to own more of an acreage that could with a predicted improved CPR double in value this alone was a good investment based on that fact alone so dilution for extra acreage justified . The problem has been identified at BB with the solution that is meant to improve flow did the opposite mirrored by Angus , Now we will see a change possibly a horizontal side track ad a very good flow rate none has been factored in . ££ Share price is of course where it is as we have sellers who are needing the funds to move with their own projects it is what it is . We noticed recently a move to 1.70 in a blink of an eye , A few more high volume days will see higher lows imo , The question is based on all the facts are we more likely to see a share price next month at 1.50 or 1.10 . hen you answer that you then decide is it a buy. dyor and gl.