next leg upwill have to be a steep one if anyone wants any of my shares.
Polaris is getting good results from drilling, and is making steady progress . This is just the beginning of what they will be doing for years .
It would take a fair bid above 1.80 in the short term for me to consider selling a few shares ( to rebalance ) otherwise pry them from my cold,dead, fist . ( drama level too high- been watchin some old westerns ).
Good timing for getting the promotion out, with the current progress being made they are likely in a better position to negotiate with bank ( I/m thinking with drill results they will need less money for drilling or can get more production for same money ). admission that I get lost in the technical details so my interpetation my be off. I do see future construction of multiple power plants as that is the direction we are going. Current management is getting us there and they will continue to improve their record , getting system down to a routine their growth rate will increase and be more efficient . Further down the road would expect an announcement of work in another country ( to spread risk and continue growth ).
If this too optimistic can add - they still at mercy of general market for cash, so if they don/t secure loan before a general stock market retreat on continued investment bank weakness then the progress would stop.
rgds steve