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Корпорация Сонд Резорсез Ню Message Board

  • filefish1 filefish1 Dec 29, 2012 6:21 AM Flag

    From negative to positive

    For a change positive news on Africa was released before the market opened on Friday. Once this deal is signed and approved by Joint Oil the liability that was Zarat will become an asset, with signing bonus to boot. With this burden out of the way, SOQ can concentrate on WC with the $20 mil cash + credit line they have. The question now becomes can these guys actually find oil. I wonder if management will remove the "going concern" remarks from their comments on the next conference call. I dont want to be too optomistic as my hopes have been dashed by SOQ many times in the past, but this does seem to be setting itself up for a much better buyout offer for shareholders after the Africa deal is signed.