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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture
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To: grayhairs who wrote (2616)5/19/1999 11:37:00 PM
From: okey  Read Replies (1) of 15703
 
Grayhairs, whether we argue can or cannot as to the ability to raise the money being private. Bill Armstrong wanted to get out of check writing. That's his decission. Risk to reward when you own 100% of the cost of drilling US$8 million wells X 3 is simply foolish, whether you can raise the money or not. Armstrong has 25% of the GSJB carried all the way thru the tests. I would do that deal every day of the week. May be you too.
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