VST..to say VST has no future potential is just plain WRONG!!
However, people can't be expected to hold through these delays, watch the price fall while your holding your shares.
This is a Venture company.... that must be understood.... and more people are here, unfortunately, for the quick buck and not to hold forever.
I held for over a year... well over a year... started buying at
.15 on a maysteeler recommendation, after much DD...
But, we all saw what happened when WZR announced drilling failures... down.
Maybe that is why VST didn't announce anything about the problems drilling, to protect the longs... Which company is better, the one that truthfully informs investors about problems, or the one that doesn't?? I will not answer, you can be the judge...
The fact is, we still don't know the details of why they are only at 2239meters.
I emailed the company, and asked them, and all they did was confirm that as of Nov. 10, 2010, they were still at 2239meters, which insinuates they had problems.
In my opinion, if NKO was testing the upper 64m zone, it would have been included in the operational update. They did not say WHY the delay, only confirmed the depth and the date.
However, why else would they only be at 2239? If its not to test the upper zone, then it must be problems... although this was not included in the update either.
All of this begs the question: Why are we left with so many questions?
the answer, we aren't being told the truth, or we are being kept in the dark on purpose...
I have learned from WZR's mistakes... however I still think that WZR is on top of an ocean of oil, waiting to be reported... just like i believe that VST sits on a mega block as well...
these things take time... and having watched WZR, i cannot sit and watch the traders make money while i wait. That is why i sold today, knowing full well what happened to WZR. However, my money is not going anywhere, i will buy back in when i feel the time is right.
This was a very bad day for our little junior in iraq... but i truly believe that better days are ahead..
Good luck to all, and sleep well knowing that time heals all wounds and eventually, with NKO at the helm, VST will be a winner.