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Petro One Energy Corp CUDBF



GREY:CUDBF - Post by User

Comment by rodanion Jun 28, 2012 11:58am
198 Views
Post# 20064220

RE: New 52 Week Low

RE: New 52 Week Low

Nothing suggests to me that buying at this level is wise and with the combination of European panic, slumping oil price and oversupply, absent some superb news, the bottom has not yet been reached probably.The only "positive "things that can be offered at the moment, so far as I am concerned, are 1) Insiders have not been selling, so far as I am aware and 2) the 20 million shareholding in GSR.

It is reasonable to assume that, for whatever reason, the story previously and frequently pumped by IR has turned sour because they just don't do "relations" any more....

Although I still continue to hold a large number of shares, I have adopted the position that recouping anything close to my original investment  is highly unlikely unless GSR goes into orbit.

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