RE:A long 3 monthsAs someone who watched it bump to 1.2 with STO farm in and then get clobbered to 70 cents on news of coup d etat and then cut again in half as we waited for all the lawyers to get the paperwork done and cut down to 45 cents I would say hold on... have some dry powder to play with through news of Yam test and spud of Inanli and then pick a number of shares that lets you sleep and wait for the Inanli results in December/Jan. If it is what they think it will be forget about $10 bucks. Bailie owns almost 15% of the float at $5 bucks and Scott Lamacraft another 9% below that. I wouldn't be they will vote to let a 20TCF find go for around a billion when its lifetime value would be hundreds of times that. We have seen a concerted effort to knock this down; once Yam confirms, and is tied in
some anxiety will be taken out of the play. Remember they are planning on tying in a well that was sold to everyone as "data driven," "science project." Inanli is based on new 3D seismic we didn't have before Yam 1, as well 9 months of data analysis of that "project." I for one and not excited about owning a producer that gets $7 mmcf/d but rather being the owner of a stock that will get bought out for because someone much bigger is excited about producing it.
You have asked about other stocks waited for? I owned Malcolm Shaw's Alpha Minerals in 2012-2013 from 85 cents to buyout at 6 bucks the ride could be faster than you can imagine once the "story" becomes a holy shite catch on before the train becomes a rocket ship. I watched a lot of "longs" "shorts" and newbies get caught on the outs with that one. Find a place (share number and price) to be as in as you can be.
I am more convinced than ever that this will dwarf Alpha now... what will happen this December... last one was great and yet this one could be insane.
Just my opinion
Lev