Sunday April 20, 2014


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PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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How close is Sefton Resources to running out of cash?

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- Tom Winnifrith

I have addressed on numerous occasions the grotesque overvaluation of AIM listed oil producer Sefton Resources (SER) and its misleading RNS statements. I have addressed its inability to generate cash from operations. But now for the critical question: when does it run out of cash? I now seek to explain, give or take a few weeks, when that will be. This will not take long.

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