RE: FOG on RobTvHe didn't say that! C'mon people if you are gonna quote something quote it right.
Smedley said "This company is heavy duty promotional, it's extrodinarily expensive to drill, it is at such great depth in Hungary and it is going through a patch at the moment where it does need to produce an exiting result and the stock basically has been trashed" he also said he has a few shares but he cannot view it favourably.
On the brighter side, he did have a few good things to say about management and their dynamics (I don't personally hold this opinion. Though technically speaking if anyone can do this it is probably them)and that if you buy at the current levels maybe you could have a double (I do agree with this). But he said he holds to what he said earlier (that being not favourable towards this stock). This is not a recommendation to buy. At the end of the Falcon bit he was asked from an e-mail if FO would be a good stock for people that can handle the highly speculative aspect of this stock he said yes (this depends heavily on your tolerance for risk).
I personally believe that this is probably the best time to get in if you can handle the volatility of this stock, but be prepared to lose most of what you invest. My reasoning behind this is what most of us already know, if this venture in Hungary doesn't work out the company really has nothing to fall back on. Back to a penny stock.
So weigh the risks to the rewards and see what you are prepared to deal with. If the flow test results are positive in a big way there is really no reasonable limit as to how high high this one can go. 2-3-5-10 bagger or higher no problem from current levels more like a 2-6-10-20 bagger. All we need is we need is some devine results and the stress of dealing with this stock should be a thing of the past. Just have to wait and see. I just hope the wait isn't too long. I can use a new toy to drive around in for summer.
Good luck to all.
DK.