UogradSome of what you say is true.
I've been behind them for awhile. And I do have a fair amount of shares. I'm also in the red like everyone else.
As for nobody wanting anything to do with the 15-25 well. Your comments are speculation. The problem is we don't know what's going on with it or where any potential negotiations stand.
The unfinished well has not been tested but from my nowledge the probability is good that there is HE there when they do.
So basically you think these guys are a bunch of hacks with nothing? Well they managed to option large portions of land years before HE increased 10x in price so I would say that is valuable. If they just acquired land with adjacent verified HE concentrations of over 1 and 5 percent then that is valuable.
You know if the government has put HE on the critical element list then they may very well be holding out and stratigicallly aquring their option land and conserving cash and biding time until the government throws out some chump change of 15 million to support the very few companies actually established and sitting on HE land.
Bottom line the SP is pure garbage right now. Nobody can deny that. We're all in the red. But you know what you and I are both still here.
That pump to 70 was fomo and overdone, condolences to whoever bought right at the top. It sucks and it's a tough pill to swallow. That being said IMO the overall postives still out weigh the negatives and the lower this goes even more so.
I'm surprised you haven't sold off, there must be an ounce of optimism left in you if you already haven't.