pay down debt, offer a dividend, buy back shares, make an acquisistion but do something to move the needle here. They have to do something to eat up all this cheap paper and I am not talking about a reverse split because the price almost always goes down. Shares at today's market price and being sold to buy the cheap paper which results in the constant selling. Days like today are great with lots of volume because the shares are being turned over and once we can get through all of this cheap paper we might see some upward momentum and it will happen fast. The .75 and 1.25 paper isn't a worry of being exercised.
We need a good news release here. The quarteries will be outstanding, LC1 should be producing and if LC2 produces similar rates to LC1 then it should provide enough buying to take out the rest of the 31 million .20 cent private placement and the 56 million options. They need some catalyst. Throw in the capex and some guidance on drilling and produciton and we could finish 2013 with a bang. Rumi and a operation update that should show production rising close to 8000 bpd which will get this cash machine having close to 100 millin dollars on the books.
Our day will come and when it does there will be no time to get in.
Next week (Nov 27th)I hope will be the start of the beginning and never going back.