UP 75% TO DATE....Hello Everyone,
I hope you all had a Merry Christmas.
I have already disclosed in my previous posts that I purchased a material amount of shares at both 20 cents and 23 cents.
I have not sold any shares and, I do not trade around the core since this is a waste of time. Anyways when you own a material quantity of shares you cannot really trade around the core since it is just not feasible, all of the volume would belong to me.
I am encouraged by the official PR that IRAQ will recognize contracts signed by KURDS. This is significant since funds will begin to buy in more aggressive quantities since political risk has been minimized.
With oil PRODUCTION in Q4-2011 of at least 5,000 barrels of oil per day, we are extremely undervalued. The price of oil has been soaring of late.
MY PERSONAL TARGET PRICE IS IN THE $ 4 PER SHARE RANGE WITH THE INFORMATION WE HAVE ON HAND. AS MORE DISCOVERS ARE MADE I EXPECT US TO HIT DOUBLE DIGITS.
For those whom do not know Good40, he is known as the message board clown, the paid basher whom pretends to be long and yet reports everything that is wrong with the company. Someone acting in this manner would be labelled as a PSYCHO.
Perhaps what happened was that Good40 sold his shares at 26 cents hoping to buy them lower and, now finds himself with shares at 36 cents and, no position. I guess he can watch the stock.
For the remainder of the people, hold on to your shares, let them pay a higher price.
I hope we hit 40 cents this week, would be nice. We are 4 leg of a step ladder rally.
PS: I am up 75% on this stock, looking for a 2000% return in 2011 to the approximate $ 4 level.
JMHO