GREY:ARHTQ - Post by User
Comment by
kaosblueson Oct 08, 2009 1:14pm
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Post# 16374046
RE: RE: RE: 10% chance of commercial development
RE: RE: RE: 10% chance of commercial developmentMaystealer:
I would quit worrying about what the bashers are saying. We know this play has everything going for it. I am of the opinion that the more the bashers try to bash, and the more that join in, the more I am certain that we are sitting of something really special. I think the 600 million barrel estimate is ridiculously conservative and ridiculously low. 1 billion is not even in the relm of what is realistic and possible. We are talking more in the 6 to 9 billion barrels here, and time will either prove me right or make a fool out of me. I would however, much prefer to remain optomistic.
Having said that let the bashers bash to their hearts content., they simply can't keep a good stock down, period. Even if I am wrong about this and they do have any effect on the SP then good, I will buy more on dips, but frankly at these volumes they (and anyone who thinks they are having an effect on the SP) are most likely simply kidding themselves.
Once VST comes out with the announcement confirming the GSA leak on the seismic and fulll intrepretation of same then this SP should jump. I also think that there is some hanky panky going on in regard to the Oct. 15 meeting. I am smelling some positive news regarding the buy out or merger with Longford, and I believe it will be announced around the Oct. 15th meeting if not at it. Maybe not, but regardless all the fundamentals are in place for this to be a fabulous play.
Think about it, when are you next going to be able to get in on the ground floor of a play that has potential for discovery of billions of barrels of oil and for less than a buck a share. Undeniably, this is almost for certain one of the last chances to do so, apart perhaps from some deep sea drilling possibilities. In my estimation, and after doing your due diligence, one would be "nuts" not to throw the kitchen sink and whatever extra cash one might have kicking around at this SP of around .73 right now. As others have said, sure there is risk, but the potential reward far outweighs it and the bashers full well know it, they simply hope they can get more of this play cheaper.
My message to them is bash away, all it does is confirm that I will be holding on to my postion (and adding to it) for a very long time. Eventually I and people like myself will pick up all of the shares or at least price them out of the play altogether. I agree with an earlier posting that said they will not be around once we hit over $1 and that is coming perhaps far sooner than most people realize.