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Impatient Sellers or People making decisions based on current info
- 11 July 2013 – news release, gives spud date, 22 July 2013 – news release, gives results of drilling and future plans reference well. 2 August 2013 – news release – gives anticipated to spud in mid-August, the kicker, news releases on the 16 and 28 August 2013 no mention of spudding well, no information reference well, period – RED FLAG
Rational – giving news of Spudding of wells is an oppurtunity for the company to promote itself but more importantly their share price a majority of times will rise, this is good for the company. They got financing at $0.015 when most likely news of the second well to be drill, would rise their share price. The company mist a basic oppurtunity to increase it’s share price. When I say RED FLAG, I am pointing out the company’s action and saying think of risk. It is your money.
- The company started trading on the TSX approximately Nov 14 2011 but has been in business since May 2007 from their website or 30 Sep 2005 from their annual report. These are seasoned people eight years in the business, they should know how important it is to keep their shareholders informed and what good news or bad news can do to their share price. Red Flag.
Rational – to me this is self explanitory, they are seasoned business people, anticipate drilling in mid-august. The company annouced approximate time of second well, a month has past, no Spudding news, if it is take longer to determine a location for said well. Then slip a few lines of info in the news release of the 16, 28 August 2013. Why they are professional business people, is something wrong. Hence my Red Flag take caution.
- I will not go into how long and want has been achieved reference their property, it is all on the web.
Rational – they have had this property for sometime and Petrodorado Energy is not their first joint venture with regards to said property.
- Then I read this about Petrodorado Energy Ltd and watch their stock, not good.
https://www.ripoffreport.com/r/petrodorado-energy-ltd/calgary-alberta-ab-t2p-3h7/petrodorado-energy-ltd-cheating-with-agility-ceo-khrishna-vathyam-and-vp-max-rolla-creat-1078752
Rational – I have been following Petrodorado Energy and this was on the Stockhouse bulletin board/blog. At the time their stock sold off at a good rate and with the news release of a new vice president of operations gain back it loses. I submitted this because it negatively affect PDQ share, our JV partner.
5. Since Solimar Energy has not been forth coming with updates and watch/reading about Petrodorado Energy Ltd has left reasonable doubt whether a second well will ever be drilled. Has Petrodorado Energy Ltd cut and run, is their a money problem? They were to spud mid August and it’s 13 Sept 2013, it is up to Solimar Energy to release that information. It took 10 days to drill the first well, given the amount of time without news, the company and partners history. RED FLAG
Rational – I believe this is self explanatory but JV partner (PDQ) has a news story of not complete their ventures/agreements. SXS has not update information reference a second well and a month has past from when the company SXS public stated that they anticipate the spud of the well to be mid August. I think a month is long enough to warrant some information, the second well will be started in Sept or Oct, what ever but something. Not seeing this I gave it a RED FLAG caution.
6. I definitely understand why some people are getting rid of this stock.
Rational – Be honest with yourself, did you buy your share to have a share price peak at only $0.02-0.025 over a three month period.
7. The company needs to release news on what is going on! Other wise potential buyers and shareholders can only make a decision about the company based on information that they can obtain. The TSX has a lot of companies to invest in and when someone leaves as you know they don’t look back. Nobody wants to get stuck with shares no one wants, example Cline Mining CMK, Sagres Energy SGI, Underground Energy all toast.
Rational – I believe para 7,8,9 and 10 are self explanatory. First of all, RED FLAG is caution, give thought to what you want and what the company has done. Second, it is YOUR MONEY, if you want to sell then sell or if you want to buy then buy. If you believe everything is great, good. All this information is on the web, I have only point out my opinion, if you disagree, no big deal, it is only my opinion and in a world of 6 billion people everybody has an opinion.
8. The above reasons are some of the reasons why people will dump these shares!!!
9. Oh the game, was or is being played on, Eastern Platinum Limited (ELR), people line up and buy at $0.07 and sell at $0.075, today it closed at $0.065, so maybe buy at $0.065 and sell at $0.07. That is if anybody sees any value in the stock.
10. Since I am not god we will have to see how this plays out next week.