TSXV:EPO.H - Post by User
Post by
Rabbat1on Mar 22, 2011 11:01am
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Post# 18321572
SP movement a cause for concern...
SP movement a cause for concern...I have held this stock for quite some time, average price of $.17 and will continue to hold because I believe in the potash story. The world population is increasing fast and farmland is being developed. So the need for potash is a given. But the share price movement on this stock has definately been a huge dissappointment! We do not know all the information here! This board is full of pumpers and bashers. But a stock who's price goes from $.65 to $.31 on delayed news and then on excellent news goes from $.31 to $.52 and then to $.38 is a little disturbing. But as I have said before, many here may view the involvement with the natives as a positive, I do not. I have seen it many times with companies and casinos where dealing with these people is a huge headache, and many times their lack of education can be a roadblock. But the resource is there, so it is what it is. I also hold WPX and have made a nice sum on it and continue to hold, but maybe the EPO management can follow the lead of WPX management, who went to India to promote the company, and regularly pay for advertising to get the word out! It could be part of our problem, the managment would rather be taking holidays in Mexico rather than promoting the stock! With the recent news re the resource estimate, why would people be dumping huge amounts? The pumpers will tell you that it is being manipulated! Maybe RY and MTG can comment. Good luck to all.