Post by
buyingitup on Jun 24, 2010 12:34pm
Well it's official, this stock is toast
Down another 3 cents today even though PP closed and drilling has started. There's no interest in this company any longer. It's a dead play. I will be pulling my position in this company July 15 if there is no reasonable progression and increase in SP and I'm talking 20-30 cent increase here.
Quite easily the biggest disappointment I've ever seen in a company. Their partner, Alto Ventures isn't doing anything either.
Dead play, but such is the name of the game sometimes.
Comment by
trendisafriend on Jun 24, 2010 1:02pm
Well, sell your 8500 shares and move on I guess. News should be mid July or a little later, must have 4 or 5 holes done so far. With no news yet, what do you expect???? Im looking for higher prices by mid to end July, and those PP people are still tied up then.
Comment by
buyingitup on Jun 24, 2010 4:33pm
Try more like 500,000 shares. But whatever, we'll see what happens.
Comment by
trendisafriend on Jun 25, 2010 12:56am
If you had 500000 shares, that would be interesting. The ones I know with that many are patient, as they know results should be out mid to end July, and yes should be completing one hole every few days, depending on depth and weather. Last area to be drilled I believe is area next to moss lake. Im thinking patience should be rewarded, summer has its doldrums.