RE: good news,bad newsWel I aim also new on this board but has invested last year in Nordic. The SP was about 65 cent and after that it fall back down to 3 cent at its low. Every month i bought more shares also at 5, 6 and 8 cent.
To Lovehci i can only say: it was my own mistake, I did not knew enough of this company and so did you.
There are a few negative points: the board is telling us story's that are not correct:
The compressor (it's still not in online, while they were promissing this a year ago)
The second gaswell ( should be on production a year ago)
Preeceville (wat about the 3-d seismic ?)
The recently drilled wells at The Lloydminster ( on production now?)
There are ofcourse positive points
48 millions of shares
Revenu out of heavy oil (the board tells us 10.000 dollars a day: 900.0000 a quarter: 3,6 million a year)
Stil more to come: 3 wells at The Lloydminster, the compressor , the gas wells at The Peace River Arch.
When they do not invest more and they let the money come in I can imagine that the income will rise to 4,8 million a year. That makes 10 cent a year so after 10 years you have a buck for every share.
Look to the story off Opal enery: 300 million shares, a lot off prommising property's and everybody believing the bla, bla's. The share was 70 cents but there was no income and no money to drill or developpe. One year later it trades between 1 and 2 cents.
An other share like Cloudbreak whith 80 or 100 million dilluted shares has prommising land and hystoric intercept off 150ft coal. But even when they can prove this (drilling is underway) there are no dollars to developpe the caol, there is no railway no train and no infrastructure: so what do you have? But people are enthousiastic and they belief the shareprise wil rise. Well I do think so but only for a while and after this dream the reality will come.
The point is you be better off with Nordic; a lott more realistic then stocks like Opal and Cloudbreak so have patiend and even Lovehci will have his dollars back.