My ignores went from 4 to 3 over the weekendI guess someone saw the light on OPC and realised I am right.
1. Debt ridden
2. Chart looks horrible
3. May or may not meet production targets, but they have a history of disappointing people
4. Probably rack up $200M+ loss this past quarter, already burning through half the cash they just got in the loan
The only thing on their side is the whole CNOOC purchasing rumour which is obviously making the market go nuts over Opti given the price. Kind of like when everyone went nuts on Crowflight Minerals and I recieved dozens of emails stating how it was a done deal that they are going to be bought at 22 cents. One bad announcement, kind of similar to the type of announcement OPC could make and they are down to 6 cents.