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jdhurry - Fri, 31 Dec 04 :

walter... Circle rocketing on clever ramping, otherwise it's hot air. Superflyer may be right re. farm-in partner for Namibia, but he keeps extending his deadline. Even if it's true and the farm-in is from a Chinese company, results (if any) will be a long way off and will involve dilution after dilution, especially if they keep acquiring more prospects (Panama, Middle East). Enjoy the ride while it lasts.

Ramco are in a similar situation in that they have some very good
prospects but lack the cash, so they will depend on farm-ins to carry
them, but the market cap is very low by comparison, Ramco already has
several good revenue streams, and we've got Montenegro which is in a much
more advanced stage than COP's Namibia.


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