OTCPK:WSRLF - Post by User
Comment by
miner49er62on Nov 23, 2009 1:24am
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Post# 16513093
RE: Patience
RE: PatienceYou know Riski, you are certainly correct when you say that this stock has reacted more to the downside than expected. I was surprised as well but for this I put a lot of the responsibility on management and their closed attitude towards investor information. They have let this stock just wallow around without support and they don't seem to care. Soemone had information from the drillsite and even posted here that WZR ran into problems and had to sidetrack. Still the company said nothing and let some fortunate people with onsite info profit till the cows came home on our bad fortune.
This however, is also what leads me to believe there is a much larger plan for this deal that just hitting on a wildcat well. There are other motivations beyond just an initial runup in the share price. It would seem to me that there are other plans in the works.
If this was a normal play, they would be releasing news all the way as they progressed through the various zones, playing up the positive aspects of the gas and condensate finds and , even though they got stuck in the first well, they would normally have played the hell out of the fact they stuck oil first. This would have supported the stock and the SP, but they didn't.
Why not?
You have to give that some serious thought before you walk away from this one. These are big boys who play for big stakes. They aren't interseted in a few bucks on the sp. They will be in this for the higher numbers imo.
Think about it and recognise how many times they could have run this sp up and done another financing, but they didn't bother.
WHY???
Form your own opinions, I know mine.
Miner