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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > If you believe in the stock...
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Comment by rookieoilinvestoron Jun 06, 2013 10:22am
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Post# 21492028

RE: If you believe in the stock...

RE: If you believe in the stock...

Mathwiz, you made me laugh for a very brief moment on this very gloomy situation. I thought it was a no brainer to double down at the 60 cent mark! They may very well need the riot gear! I've traded Arcan in the $5 range and have seen it spiral all the way down to the 50 cent mark... what a disaster! My average cost now is around the $1.20 ( which seemed to be ok given the rise of the stock when the farm in was announced). If they have "turned the corner", why is the stock price tanking? They've hedged cash flow, will have moderate growth this year and are divesting some assets to pay down some of the debt....?

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