GREY:ROAOF - Post by User
Comment by
gegoldenboyon Feb 12, 2008 5:17pm
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Post# 14361749
RE: Overvalued!(BS Good 40)
RE: Overvalued!(BS Good 40)My Good 40; I am so relieved to get this warning from you.
It seems from what you say, that this monster find is bad news because it will cost money to develop; beyond current cash flow. You do not say it; but you imply dilution from equity issue while conveniently forgetting about increases in the loan facility.
So, my dear good 40; what you are looking for is an oil company which only finds enough oil that it can fund with cash flow.
Well gosh g-40; it seems to me that there are a great many companies like this; so why not invest in those?
Have you noticed that your short positions do poorly when you invest in successful EXPLORATION companies?
Really, I do not know why you would persist in either owning or shorting this company, so why on earth would you be here.
I just wonder.