Hello Brian
I think if you read the press release on Wayne Rosedale it stated that the proceeds were enough to satisfy bank requirements, so I took that to mean it didn't leave them with much cash on hand.
I suspect there is someone picking up shares at these prices.The last trade was at .33,however the ask is.42,with no trades so far today.
Average down or cut losses is a tough decision. Oil prices are ,I believe, close to a bottom,but you neaver know,it could get worse,like gold. Averaging down,I've found,usually doesn't work for me & I don't plan to with this one.
I'm hoping that HRP may be considered cheap enough to be a takeover for 700 boed,as I believe we'll see a shakeout in the Patch. I don't know if insiders hold enough to defeat such a bid. So,I'll be holding for awhile yet.
I hope this helps
Regards |
