RE: RE: RE: Bit of a Bearish DayI'd have to agree with stockmonster , after the Fort a la Corne debacle with Forest Gate vs. SGF and KRT. And Forest Gate actually had small parts of the kimberlite deposit on their land. It was primarily good for the first coat-tails pop but after that the lustre wore off .
Because of the slo-mo handling of the coal permits by the SK government, many missed a subsequent pop on permitting for these side plays. By then the global-market cookie was starting to crumble and energy stocks looked weak. If it were back in mid-May of last year I'd say the side plays would have a decent chance on this upcoming drilling by GXS . But now these companies have got to have good cash positions since the market doesn't give a rat's behind about land claims. Even Wescan - with the best land position to GXS -missed the chance to secure the financing they wanted and had to settle for a lot less.
If GXS moves in the direction of one of these side plays with their drilling then I see them receiving the better pop on news . I'm still not sure if the pop will be anywhere near the % increase you should see with GXS hitting multiple holes of coal . There is just this over-riding sense of uncertainty with this after nothing much happened on permitting for side plays . The dark cloud hanging over the markets is also a strong deterrent for upside .
JMHO,
Crocky