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Silk Energy Ltd SLKEF

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.


GREY:SLKEF - Post by User

Bullboard Posts
Comment by victor2009on Nov 18, 2010 2:46pm
361 Views
Post# 17726012

RE: Deja Vu

RE: Deja Vusurething1111,

You're right, this does look like a re-run of an old story. I've been suspecting something was afoot (or afoul, might be more accurate) for some time. To be fair to the new guy, there's two things we should remember. He is new, this is his first chance to coo, but he is lacking the public company C-level experience of making things sound exciting, when they're really not. And also, as you say, he's been handed the job of trying to generate excitement selling the last thing at the garage sale. Jasper is spun-out. Langmuir was tried to be spun-out, but failed - its still there churning out one quarter of one per cent drill results - but it's damaged goods for promotion. Desrosiers is maybe still there, but it's tough to promote something that's under the shadow of legal uncertainty. The other assets don't lend themselves to much hype - loans to unnamed entities, shares in a company you've now pronounced to be inadequately managed, a bagged out computer. So the new guy has been handed a tough sell. And on top of everything else, he's got the previous failures to contend with - ISM has not got a sparkling line up of successes. And he's likely been told to get something positive out before Dec 31, to try and offset some of the realities that are going to appear in the audited report card.

What would really bring back memories is if Miningstockreport paid someone $4,000 for another "analyst's report" on ISM and it's Barton Syndicate gem. Given all those numbers that were tossed around as accomplished by the neighbours, it should be easy to extrapolate a sizeable ore body and maybe a conservative share value of $15.60 - US$ of course.

As for Check having a crystal ball, I have the idea he's short of crystal balls too. My guess is that his broker friend might have got wind of this marvelous opportunity at Barton, and then whispered in Check's ear. Check will be thrilled with his paper gain for a while, and then he'll choke on a case of déjà vu, as he watches the SP resume its downward drift.
Bullboard Posts