Silk Energy Ltd SLKEF

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Silk Energy Limited is a Canada-based resource company. The Company acquires undervalued oil and gas assets in Kazakhstan. The Company, through its subsidiaries, owns a 50% interest in the KMG Ustyurt license (Ustyurt). The Company focuses on exploring and developing Ustyurt, an onshore oil and gas concession comprising approximately 6,500 square kilometers in the Caspian Sea region of the Republic of Kazakhstan.

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Silk Energy Ltd

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Comment by victor2009on Nov 01, 2010 1:56pm

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Post# 17640477

RE: Does this take the cake?

The Board of Directors of ISM believed the the 78 cent market price did not properly reflect the underlying value of ISM back on October 27, 2008. This belief resulted in the commencement the first of two share buy back programs, that, according to the chart since that time, did not appear to have the intended result.

Would a more successful strategy have been that suggested by Randy Miller today in reference to another company? "Given that the current share price .... does not appropriately reflect it's true value, we believe a new slate of directors would be a critical first step..."