TSXV:CLAS.H - Post by User
Post by
willibrichon Nov 05, 2010 7:34pm
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Post# 17667037
Don't worry be happy
Don't worry be happyMe thinks that there will be news before the market opens on Monday.
That way QEI can talk about the flow test results at today's meeting with Sprott in a meaningfull way. And why not ?
This is a pivotal moment for Quetzel. They are about to transistion from basically an oil exploration company to a junior oil company with some significant production and cash flow. And why should Quetzel not talk about operations going forward with basically their largest shareholder. It makes sense.
But they can only reveal key information if the general public has access to the same information prior to the market opening.
And then, as has been mentioned before, the market will value QEI at a market cap consistent with their production and forecast cash flow.
It should be interesting. It appears that Colombian juniors are in the spotlight right now. For example, I saw Loon Energy, LNE, ( 95 million shares out ) go from 5.5 cents to 17.5 cents on around 9 million shares traded over the last 2 days. This was on news of a discovery well with 117 feet of pay ( the Visure1X well in Colombia ) , of which they hold 20 %. Now of course I believe that insiders hold around 40 % of LNE.........................nevertheless
Have a great weekend