RE: RE: FLAG POSITION (WEDGE)I'm waiting for the day when Maysteeler opens up his post with " Hello Everyone ". I've seen a few faux pas over the years, with posters signing off with the wrong alias. The latest was Baxter4, who answered with the alias Alkhor.
Alkhor was a big pumper on the Oilexco fiasco... must have had 20 different handles. Happens all the time, when
teams flock to the latest flavor of the month.
I see the latest presentation shows no results from the exploration well until October, assuming everything goes well.
How often has that happened ? Since this is February, there is absolutely no rush to get in. They cannot fund
exploration without a financing with working capital at a negative $7 million. Price should fall up to 25% following, which isn't significant since the recent appreciation is about 80%. Current price has nothing to do with value, everything to do with financing.