Two more POWERFUL CORPORATE HINTSCorporate language of MEDV and those around it with interest continues to be VERY BULLISH indicating SUCCESS:
- the Botwana letter from the Minister
(We are now almost 30 days into drilling and by now MEDV and the Minister must already have a pretty good idea of what they have in drill #1. The Minister would not bother to issue a letter to detail how the oil is going to be drilled, if there was no oil. What would be the point of the letter if all MEDV had was sand?
- Scott Evans presentation at eage conference on February 17th
(I know that presentations are booked in advance, sometimes months in advance, however if MEDV has not found anything of value in drill hole #1 then Scott Evans would not attend the conference to waste his time informing the public on how to find sand. He would have cancelled. Instead he is there some 35 days after drilling hole #1).
So these are powerful hints up to now:
(a) Expensive 2D 450 Km Seisimic ordered after 10 days of drilling hole #1
(they saw the results)
(b) Insiders loading up from 18% to 23%
(c) Haywood raising price target to $ 7 per share
(d) Consultant with RECO tells environmentalists for f...off with permission from Minister
(e) Botswana letter to environmenatalists detailing oil drilling plans for the future
(f) RECO mentionning NEW DISCOVERY when exercising warrants
(g) Scott Evans at Africa conference to speak of successful opportunities in Africa
You do not engage in such behavior if you found sand. If that was the case, then no seismic would have been order, insiders would have sold, Haywood would not have raised price, consultant would have remained silent with environmentalists, Minister would have not bothered with any letter and, Scott Evans would have cancelled his Africa conference.
mpo