Iron Brdg Res Inc. OEXFF

Should I sell it?? - please advise

[aidankj]

Hi guys I need your advice. I am a beginner investor and bought RMP shares at $1.5 a couple years ago. So far I have lost about $11,000 and I am losing my hope that price will be recovered. Now it seems to me this is the company's poor operation that caused a drop in share value not the oil crisis but still not sure if I should sell it and look for a fresh investment or wait more to recover my loss. I do not have to sell it now and willing to keep if the price will back to point that I paid for ($1.50).     

Can somebody give me some idea if this company have a hope? I may wait for next 5 years if I can recover my loss within this period. 

Thanks in advance.

[ditchdigger251]

Sooo...IBR's currently pounding down two optimized 2400m 80 stage Hz's with Q1/18 tie-ins after expanding water disposal capacity (as in making room for higher production and drilling activity) following a very sucessful completion last August on a shorter 1600m Hz with only 32 stages and you're thinking of selling after having held the stock for 1.5 years?  And this is after all

[SunChild]

Good update. To add to that the company issued some news today. https://globenewswire.com/news-release/2017/12/20/1267309/0/en/Iron-Bridge-Resources-Provides-Operations-Update.html They have bought back 880k shares, are completing work as planned, and will exit 2017 with good cash on hand.  Looking good. Best wishes to all for the upcoming holiday season. Grant.

[ditchdigger251]

Very good update indeed.  Thanks for the link Sunchild!  IBR's team isn't shy on sharing loads of pertinent technical and economic details.  It's nice on a few levels to see the company being responsive to informing their investors.  The first Hz lateral length exceeded their 2400m goal and a new disposal well is almost ready - and personally I'm a bit jealous -

[CageyOil]

Yeah I think that they need to be open to generate any kind of interest. I think there are two issues that have followed this company around: belief that their Montney lands might not be as good as the "other" guys, and financial wherewithal to actually do much of anything with their lands. I am hopeful that both of these will be put to bed firmly in 2018 and we could see some real stock

[aidankj]

Thanks a lot for the practical advice! Do you have an expectation of the timeline that the share price will raise from the positive factors they made recently? I will keep holding it, first price I bought it was $3/share and now it only worth 1/6 so better wait. Just matter of when how longer thod. Merry Christmas.  

[Gladstone22]

Buy more and average down . If you liked it at $3 Then under .70 would be a steal . jmho