Just some update on my discussion with GM operations of RAW today arvo .
The discussion was positive. I did not find to be ramping at any stage. He is in Sydney and my call was just before his dinner time too .
The bottom line is company's current strength is Kea Petroleum stake which is balancing very nicely with shareholder strength
They are working behind the scene but do not believe to mesmerise the market with every weekly note just to inflate the share price like bubble.
RAW also does not want to raise capital unless the 3 D seismic studies come with real real value proposition. They want to reduce cost with one of the lowest admin cost (that explains probably why there was no return call and why the website not updated since 2008 excepting the section where ASX notices are published
). Seriously the directors are not taking full salary so as to work not full time either when it is not required to do .
One thing he mentioned that they do not like day traders to jack up share price and mindful not to bubble the market with hypes. (My comment is Probably BCC directors should listen to that )
One of the key issues faced in resource of exploration contractors being available for small operators like RAW.
They are hoping to get some good work completed by April end if not by mid April and will advise market once the result is known.
Overall it was encouraging for me to listen to the GM operations and to hold on my investment in RAW which I bought at 8 cents.