GREY:EWDYF - Post by User
Comment by
raybay_98on Feb 15, 2011 11:10am
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Post# 18135759
RE: I think people aren't reading this
RE: I think people aren't reading thisPRL5, would be great especially for cost effective development however I would think Talisman has also bid on this property, hopefully, it will be awarded to both EWD and Talisman. I think EWD is at a crossroads, go forward and develop Ubuntu or continue with more exploration on 259/260/257. If they develop Ubuntu now, one gets closer to cashflow to be used for exploring 259/260/257 however EWD has said they are looking at 'farmouts', therefore, judging by the market reaction re - the share price tanking, it looks like EWD will definitely need to news release what the plans are going forward. Right now we do not know the exact size of Ubuntu nor plans going forward and until that happens the share price trending up or down is anyone's guess. BUT, all in all, the potential COULD be substantial and I will continue to hold in anticipation.
JMHO