GREY:ENGFF - Post by User
Comment by
7phigyerson Jun 12, 2008 1:28pm
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Post# 15178223
RE: Veritas vos liberabit
RE: Veritas vos liberabitI'm with Vertias on this one Early retirement ,and my money is also where my mouth is sitting on 25500 shrs.
My initial exit strategy at $5 got stiffed after the freefall but I do have confidence in this play.While I never planned to carry this many shrs onto results, I'm in this one for the long term.Congo hedge IMO is a better play than Namibia due to the control ENG will have.
Not gonna lie ,it'll sting if they come up dry, but I'm only 30yrs old with plenty of earning power left in my life,not the end of the world.If I were 60 years old I probably wouldn't touch this with a 10ft pole.
I also believe this has potential for $50 to $100 stock at the high end ,but I would be suspect of a takeover prior to those levels.We may only see $10.
Any critique is welcome.
L8R