TSXV:ABS.H - Post by User
Post by
Nemesis01on Apr 20, 2006 8:14pm
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Post# 10704210
No Respect
No RespectI'm surprised by the markets reaction and the share price of TAE. While the stock is very risky and highly speculative, I would expect the share price would have drifted up by a penny or so just on the current price of oil and gas.
I think therock16 hit the nail on the head with the start of this company as a purchase of a publicly traded company rather than a grown company.
I think the share price of TAE is discounted because of a lack of respect rather than the risk vs payoff that their competitors are evaluated at.
That just means that when TAE has a couple of producing wells and people take notice this thing is going to go up fast. I'm ready!
Good luck to all!