RE:One of these days, and soon, ATH will be goneTOOT TOOT ! Yup, I'm tooting my own horn. This post below was from may 11th when the stock had just popped from 50 to a stratospheric 70 in under 2 weeks. Well, this must be as good as it gets, was the very common belief and yes I was tempted to "trim". But looks like 70 was a bargain. I expect the same will be true of $1 level 6 months from now, or sooner, so I'm holding long. I still dread a halt announcing ATH has been scooped for a small reasonable premium to recent trading levels. GLTA.
Maxmoe wrote: Just my 2 cents but the latest move at hangingstone reads to me like a housekeeping move. Any day now I'm going to fire up my computer and read about a merger,takeover,privatization, or whatever. The discrepancy between the current valuation and the asset value is just too great. A year ago I joked if someone would lend me $100 million I'd take ATH private. If only , I'd be a billionaire today. Being a small cap "oilsands" producer carries too high of a political penalty to the stock price. Buried in a CNQ or some other ravenous cash stuffed producer just makes more sense. Or just getting out of the public eye into private equity hands. It also explains the golden parachute refill of options for management and it explains the otherwise needless foot dragging on the refinancing. Oh well, it's been almost a 7 bagger already, a 10 bagger seems "low ball" now, but we'll all find something else to chase next. Just my 2 cents, perhaps in another year, I'll have the same speculation but from a price that's a double from here. GLTA.