Post by
montybissett on Aug 20, 2019 6:46pm
The Good and the Bad and hopefully skipping Ugly for a chang
Ni inv on a huge tear upwards today. A couple months ago over a bit longer period of time we had a big move up before the waterfall got back in action. We still aren't at that move yet but looking ugly.
CD yoou like to do deep dives. How about finding out what our over head is compared to WM while skipping the cost of drilling. Mgt, engineers, lease etc. Our costs should be significantly less do to what we spending on drilling compared to them.
If we can get lucky and keep piggy backing on WM with some good news of ours and they keep hitting it out we should see quite a significant sp rise. 150 out compared to 475 out.
If we can just concentrate like a laser on 52 if it shows promise. Then raise small amounts of cash to keep drilling 52 area. Hopefully the area will become saleable to WM or in a package to bigger fish. They are probably going to do another bulk to raise money plus maybe the market. We should know within a month whether we are a significant player in this or a small part of it or on a wild goose chase. If you look at WM posts they are heading off to the bank with new pick up trucks. Sounded like us 5 year ago when we hit the nickel.
If we get lucky we might be able to keep away from a JV for Mart and Grass. That will take patience and a lot of luck.
I don't think Kaiser was fair when he said Bar shl were throwing tomatoes at DW because he sold Fenelon. That is the only he did that turned out to be worth while in 4 years before he sent out these recent drill rigs. Analysts usually only like to invest or tell folks about companies with sound mgt. The stock has basically went south since his buy recomendation. In fairness we did have a big run. So know we have sound mgt going forward.
GLTA