RE: Oulins - hear hear, good postWhy do you expect a PP at CAD 2.50? One poster stated because of Athena.....I guess I should go back and recheck my numbers but they have a 22% WI correct?. This stock is not yet to fair value IMO, management is doing their jobs and quite well I might add (which is seemingly more rare with companies now a days). This management team knew that a good balance sheet would be king in a post financial melt down and to sell what little they did to get rid of debt was pure genious IMO. Which leads me to believe they deserve a higher multiple to CF, but then ones argues they are a one trick pony, or Jacky will be done soon.......Last I heard Jacky was still producing dry oil, I could be wrong but it would seem the longer they get dry oil the more oil they will be able to squeeze out of her. IAE is getting oil out of the ground for a profit ( with $18 opex gives them over $60 net backs times a conservative year long average of 5100 bopd = just over $300,000 per day net CF) with no debt, why in the hell would they need to do an equity raise when bankers would stumble over themselves to give these guys money! But it would seem the big move recently would have more to do with Jacky producing more than was expected giving them a production number north of the 5100 bopd target set by management who under promises and over delivers. I am very excited to get the financial report with restated reserves, cash on hand, but more importantly and why I think we have been running up is current production numbers, no evidence just my guess. GLTA
ps bragging about what price you bought in is little difference to me, even when I do a good deal like with IAE, I then I have others that were not so good and everyone does. So to tell us how smart you are by buying at the very bottom is only padding your own ego, if you want me to know just post when you buy and sell and if I care I will keep track for you.