Post by
Dr.Dave on Jul 18, 2011 11:46am
Nothing New in Latest Earnings Report
I find today's sell off rather puzzling as I see nothing new in today's report that we didn't already know. The biggest issue seems to be the delay in ramping up production - again - something we already knew. Even the production volumes have remained the same (albeit at the twice reduced level). RBC analyst says the production delay has more to do with delays in getting regulatory approvals than production mishaps. A too rosy view by Management in obtaining them - but hardly a disaster.
In my view the SP appreciation is going to take a few months of positive progress on production and sales contracts. For short term speculators I'd move on but those who have longer term view with this a $3.00 - $5.00 can be achieved eventually - the higher # will depend on the horizontal drilling being successful and its impact on the reserves working out.
I think the recent SP movement is short sellers and those throwing in the towel rather than a change in the fundamentals. In my opinion, my worry is that the Management burn through $ too fast and can't cover with production and need to go to the equity market again - and dilute our shares yet again!
I'd be v. interested in others view of the Company and its future potential - or otherwise!
GLTA
Comment by
moneymotivator on Jul 18, 2011 11:55am
If she dont close above 2 bucks today I would be extremely catious from a technically point of view. Fundementally I'd be loading up the dump truck at these dirt cheap prices at a large discount to their recent $2.75 offering.Cheers,Triple
Comment by
thunderboy05 on Jul 18, 2011 12:04pm
I could respond but i'm afraid it would be vulgar.I sure have been burned by this stock, just when you think it can go no lower it drops again. I hope the officers are paid in stock!!!!Wish I could find some positive news but, in this HOT coal market i'm stuck with a dog.My next consideration is to take the loss and get out or hang on with these losses.GEE STOP LAUGHING!!!