RE: Managment not accumalting shares?Absolutely. I would be shocked if they have not had any unofficial low ball offers.
But they don't need to sell anything. They are already at the field break even mark and they just got 400 million. They didn't have to sell their souls, they didn't issue shares. They don't need any more right now. Once at full rates and the bitumen continues to ramp over and above upgrader capacity, and the cash is proven, debt ratings will go back up, debt will be restructured and I'm a happy camper.
Nobdy can give any reason why this won't happen.....NOBODY! Everyone thinks that OPTI has to be lucky to get to full production by mid next year. "oh that's speculating that they'll get to full production!" ....really.......is it speculation to say that if I drive into a tree at 140 miles an hour that I might injure myself......no. Could a ball joint break and make me veer off course....yes.....but that would be a fluke. So wake up folks......THIS WILL MAKE MONEY!! It would be very speculative to think otherwise....
It's not going to happen by fluke, it's the other way around.
Giver.