For 9/10 years, management has had a different geological theory on how to find oil and gas. It looks like their theory is working out in the early days. The market is already paying up for the next couple of wells so it's an expensive stock based on what they've got so far, which isn't a whole lot of wells. Was sceptical, but is now neutral. Speculative.
Have some pretty good well prospects one of which could be drilled in the next couple of months. 50% chance of a hit. If the well doesn't hit, he'll get out.
Entering into a licensing/distribution agreement with Purdue Pharma in the US. Did a disatrous financing last year and the stock sold off. This deal was a rabbit pulled out of a hat. The stock will probably flatline for a bit after this deal. Best to see quarter after quarter how revenues kick in.
Have a deposit in Kenya that produces aluminum. A 1,500 year potential mine life. They need $28 billion to put the mine in place. In the past couple of months they've signed deal after deal with global partners, each of which is paying north of $2 a share to get an equity stake in the business.
One of the worst companies out there. Probably time for them to raise more money because they continue to raise money. Production is not going as well and their costs are higher, they've diluted shareholders no end.