RE: interesting article by Tim Iacono[snip]I was buying NDM in March of '03 at .69, take a look at a chart from June of that year. Thought the same thing was gonna happen here, started later, than this PP took the wind out of our sails and anyways there wasn't any assays ready to do follow up releases.
When we get this PP over with we got a lot to look forward to.
[snip]
I don't see the parallel between SWN and NDM you are drawing. By Mar of 03 NDM had gone from about 0.45(or so) to 0.7 before taking off in June even after Financings were annouced in June and July. NDM also released very positive drill results in Aug 03, Sept 03 and Nov.
SWN has been drifting down from the 0.9 range to todays .67 and the managment has released one good (excellent) result THEN annouced a much larger (than NDM) financing shortly after. Hopefully, there are more good results comming and managment will hold off on sabotaging the SP after their release. Otherwise, this stock will continue to bounce along the bottom here.
With respect to all this arguing over resources calcs.. SWN is worth 0.67 per share period. For those who will argue that it means we are under valued based on metal in the ground, this can only mean that the market is giving us $100,000,000,000 worth of value for metal in the ground and -99,950,000,000 value for management.
See simple and no need to spend a week arguing semantics back and forth!