RE: RE: RE: RE: relax Elijah1: there's a difference between discussing whether management has the 'right stuff' and being solely focused on a quick sale of the company. If you want to discuss management's plans for the future, I'm game. For those that want a quick sale, there's always a quick market sell order. Not every company is an Oilexco or Sino Forest. Oilexco's sins were overextended credit and underperforming oil production. IAE survived the same bad times by keeping debt levels down (by farming out interest in Beatrice and Athena). They have been slow on getting Athena hooked up, but production is now where it should be. Oilexco had poor field performance and possibly overstated reserves. IAE's annualized cash flows, based on current brent and current production are over $1.00/share. If management did nothing but keep the current fields producing at optimum efficency, that means we'd have more than today's current market cap in cash before the end of next year (100 million in the bank currently). This is the most undervalued I've seen IAE since I bought a truck load of shares at
.22. As Warren Buffet says "In the short term the market is a popularity contest; in the long term it is a weighing machine."
If you think the market has secret knowledge of bad things to come, then by all means sell now.