RE: RE: RE: CDB UP"Everything happens for a reason'. We all grew up hearing the phrase, and truth be told, I always thought it was a cop out by those who said it. But over the years, gotta say there is some truth to it. There are those here who know a lot about the Saskatchewan coal play, but there is always someone who knows more. Usually those who know more are not part of public forums such as this.
A previous poster mentioned that if the mysterious 480 footer was on CDB's land they would have said something. Well, if it's on someone else's land, wouldn't they have said something as well?
Everybody is throwing in an opinion so here's another. IF and I say IF this hole does exist, I would wait until GXS comes back with some favorable drill results which will inject new life into the coal plays. All companies will get a lift from that news and then have a prepared statement of said 480f hole.... by whomever holds it!
This coal play still garners some attention but let's face it, a lot of the people we see here on SH are the same faces that were here last summer who bought in higher and are just waiting to claw back to where they bought in. Some sold at a loss, some averaged down, and some are like Edson.... still waiting. Positive GXS news will bring new blood (and money) in the front gate.
One thing no one has mentioned about the 480 foot oops on the GM map was the possibilty of a JV with GM. Joint talks and company comparisons of holdings on their respected permitted lands would have divulged what each company is thought to hold on their lands. Maybe it was an oops, maybe I'm just reaching, time will tell.
Good luck to all longs and welcome to newcomers. Thanks to Snowdogy and the likes for all the positivity that has been maintained here throughout the months.
Cheers,
Clemmie
ps. would be a great time for some Potash news