RE:A good news conference ... Very Positive!I agree with you Gring,
No dividend .. Yet. Once they have creasted 50,000 boe/d, (Which I suspect they will do sooner than later) then a dividend.
Regarding share buy backs, I am a firm No. I experienced that with Africa Oil and it was totally wasted. Further, they are still less than 100,000,000 share which is amazing and very low to its peers and so no need to shrink it more.
I also agree, this day was a sell on news kinda day Auctus is projecting north of $6.00/share and Research has yet to update but was north of $8.00/share.
My expectation, steady uptick until next catalyst, including significant accretive acquisition(s) and/or announcement of a partner for the Thrace.
All IMHO, all the best to longs,
Doc.