Post by
TheGoldenBear on Oct 08, 2014 6:49pm
All joking aside though
Relativity is a B. If today, out of the blue, POP announced a PP in the amount of 3.2M or whatever it was and a drill campaign for its 1.8 megabarrels, we'd be on the move up. Unfortunately, thats a big step down from the "100M" deal that got signed, so via relativity this is a bad NR. I'm trying to stay clear-headed on this, and remember that POP is now funded, flush, and ready to drill its NI compliant reserves. The fact that its basically trading where it was before the KMDC deal was even announced is proof enough that POP has been sold down wayyyyy too far.
Unfortunately, I don't have the risk capital to buy at these prices (my best friend is getting married so bye bye extra cash). The entire month of September and first week of October has been terrible trading for me, and I'm now going to ride out this story at least back to 0.48, my average price.
On a side note, I'm happy the PP was undersubscribed and people bailed. It was pretty annoying to know that people were getting shares at 0.25 and warrants at 0.375, so the less of them there are the better for us lowly common shareholders when production pushes the SP over 0.375
Move fast POP. Drill. Define. Sell. Raise cash at 0.80 when you can, and keep taking KMDCs allowance until its mommy lets it have the full amount to give you.
Another lesson learned....at least it wasn't CSI all over again.
Comment by
stockeditor on Oct 08, 2014 9:29pm
Goldenbear, after reading your post I have to say, that I have a great deal of respect for you and your post. From here on in, I am following you kimo sabi. Well done, the most honest thing that I have seen posted on these boards, ever.
Comment by
frewil1 on Oct 08, 2014 10:20pm
The thing that bothers me the most is the people that bailed on the PP, they know alot more than us smucks.