GREY:NUSMF - Post by User
Comment by
dropshotvolleyon Feb 15, 2011 5:55pm
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Post# 18139403
RE: Analyst update
RE: Analyst updateThanks for your previous post (Holders) and this one. The report would seem to indicate that the PNG government is going to sign the option. As for the $2.80 base price you mentioned without the PNG and/or another JV announcement and even with further world class drilling results the price may go through $2.80. As well, after JV announcements are announced (?) we are still 30 months from production when the final nail will hopefully be put into the nay sayers coffins and the stock could appreciate to the level it deserves. Regardless, it is still my opinion that management may have rejected offers. In addition, management is on record stating that two major companies were right up to the alter but backed out at the last minute. Should that information have been released from a disclosure standpoint? It would seem that if the PNG government signs or does not sign management has fulfilled their statements relating to the announcement of JV news. The 30 day deal seemed strange to me it almost seems as if management does not want them as a partner. I have owned this stock since 2008 bought again in 2009 and again in 2011. Management has a fiduciary duty to the shareholders to move the project forward. The perfect deal does not exist and it is time to close some JV deals or make an announcement so shareholders have full disclosure and can make informed decisions. Less science more business acumen required.