GREY:PMGLF - Post by User
Comment by
larsen6on Dec 29, 2007 2:00pm
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Post# 14132383
RE: Re: Comments From Shockus
RE: Re: Comments From ShockusFolks:
As shockus intimates, no stock goes straight up. Right now we are awaiting further drilling results. We continue to backfill to $19 very nicely. In other words, every time the stock tries to go down through this level, it bounces right back. To me, this is a good sign.
The fact that $100m in new capital has been sold to foreign interests is another.
The next well results, should they be positive, will likely push us right back to $22 in a heartbeat. Conversely, should we get a dry hole, the stock may fall back a couple of bucks. With the latter, considering the number of drilling sites that remain, painful as that might be, it could be a great opportunity to buy some shares.
This is the nature of oil and gas drilling. We all have to risk some money to make money. Relax, sit back and let's see the next release.
Larsen6