posted on
Dec 15, 2007 11:48AM
Welcome To The Montello Resources HUB On AGORACOM
Investor Inquiries: 604-649-0080
Message: Re: What
I'm new on this forum. I've been reading a lot of posts here and on SH.
Prefer by far this one.
I have many shares bought at 0.155 and 0.145.
I've been reading all news and went on SEDAR to read Montello's background.
It's, in my view, a risky business. I knew it before I bought. I believe Mister Cawker and al. knew it also.
If you go on SEDAR, you will notice that theirs finances are very tight and they dont keep it secret. That's why they wait till everything is well attached before they let news go.
Here are some excerpt from SEDAR:
Montello Resources Ltd.
Form 51-102F1
Annual Management Discussion and Analysis
Date Submitted: December 5, 2007
Montello Resources Ltd.
FINANCING ACTIVITIES
Since incorporation Montello’s capital resources have been limited. In addition to having to rely upon cash generated from operations, the Company has had to rely upon the sale of equity for cash required for administration, acquisition(s) and exploration program(s). It is unlikely
that significant cash would be generated from operations if management didn’t continue to pursue significant drilling projects with the potential for revenue. The Company intends to strongly pursue its goals of engaging in the acquisition, exploration and development of oil and gas properties on both sides of the Canadian and US border.
While there can be no assurance that financing, whether debt or equity, will always be available in the amount(s) required at any particular time or for any particular period or, if available, that it
can be obtained on satisfactory terms. The Company is currently interested in looking at agreements to acquire interests in additional projects or Oil and Gas Properties. The availability of equity capital to junior resource companies is affected by commodity prices, global economic conditions, and economic conditions and government policies in the countries of operation, among other things. These conditions are beyond the control of the management of the Company and have a direct effect on the Company’s ability to raise equity capital.
The Company’s working capital and liquidity fluctuate in proportion to ongoing project commitments or debt - equity financing activities. The Company requires a certain amount of liquid capital in order to sustain its operations and in order to meet various obligations as specified under the Company's resource property acquisition agreements.
Should the Company fail to obtain future equity financing due to reasons as described above, it will not be able to meet these obligations and may lose its interests in properties covered by an agreement. Further, should the Company be unable to obtain sufficient equity financing for working capital, it may be unable to take on or meet ongoing operational commitments.
Exploration and development of natural resources involve substantial expenditures and a high degree of risk. Few properties which are explored are ultimately developed into producing
properties. Accordingly, the Company has no material revenue, writes off its natural resource properties from time to time, and operates at a loss.
http://www.sedar.com/GetFile.do?lang...
They know it's risky and I know it's risky. But I beleive there is oil and I'm confident Mister Cawker will work it out.
Remember, life also is a risky business, nobody get out of alive..
Smile, relax and let them do their job.
ECCE
2 Recommendations
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