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egm thoughts

  1. 1,285 Posts.
    Good to finally put faces to some of the names that post here.

    Hajda2 and Spovends posts are very good summaries of all that was discussed. Not much more I could really add.

    Overall I felt the meeting was very positive and well presented. The directors have a clear plan of action and i think starting with the formalisation of the JV everything should fall into place. The oil potential is much greater than I had first realised. And Canmex are keen to get a drill rig into play ASAP.

    Each resolution and the reason for them was well discussed.

    The only negative I could see assuming of course the JV is a done deal are timing issues - everything takes a lot longer than hoped for . The AIM lising may happen pre Christmas but more likely late January and the first drilling anicipated 2nd or 3rd quarter. Based on these anticipated times anything sooner will be a bonus.
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