Harlybarley's Oily Rag Message Board

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Gold/Mining/Energy : Harlybarley's Oily Rag

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To: silkscreen12 who wrote (7)	7/5/2013 11:56:01 PM
From: Po Pimp	Read Replies (1) of 29

The suspects are obvious. Telemark was a dud that never produced to its expectations. The ill-fated Israel adventure diverted much needed liquidity from the balance sheet never to be seen again. Dumb and dumber agreed to 11.875% interest rate when rates were at historical lows. Never mind the ridiculous rates on the ORRI / NPI's. They had no business trying to build Octobuouy until they were sure about the performance from Telemark. They could never do anything on time or within budget. Their corporate costs were ridiculous compared to peers. Volvos. That should about cover it.

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