Re: Relative upside potential and risk to WEL
in response to
by
posted on
Aug 01, 2009 01:19PM
The company is now known as FUSE Cobalt.
..interesting views Res, i guess we could say that Politics is a consideration on the Greens. Hugh, after drilling for over 20 yrs on the Belt must have a good idea along with the help of Dale and Rick how this will play out. I don't think San wants to own the whole belt as in the case San is taken out ,then they could lose a big part of the Belt. I see SKP ( JV ) as an escape route and a open door to the rest of the Belt. Rick Boulay being a Corporate Banker will not have any trouble raising cash and i think he will spend alot of it around the Stike Point claims to see if these hinges are on their property. I agree the Cat has her back up against the wall and should not depend on Skp, as SKP managed to get a 13 month extention so the 5 milliom will be spent over 5 yrs from now. I think the Cat , instead of diluting, should just sell the remainder of the Poundmaker and Clinton Shaft to SKP and then drill the Jeep area. I think a good hit on the Jeep would allow the CAT to then raise some cash at a higher value and then concentrate on the Reed and Foster areas.I am not looking for a Cat fight as i do hold Cat Shares, just an opinion . Long On The Greens Traps7 500,000 prior to the second Anniversary Date;
(ii) $1,500,000 prior to the third Anniversary Date; (iii) $1,000,000 prior to the fourth Anniversary Date; (iv) $1,000,000 prior to the fifth Anniversary Date; and (v) $1,000,000 prior to the sixth Anniversary Date.