RE: Easy Quadruple to $1 by July 2011....
Been out of this stock for awhile but still looking for a good entry point ...
Big Issue is, Longford like Vast have a history of not delivering and got to hand it to good 40 as even tho I don't agree wholly with his analysis he has been more accurate than the useless maystealer ^& co ..
Vast has been costly to me and imagined that out of the 2 fields, that qara dagh had the most potential. However Vast is beyond a joke ...they are still drilling for almost a year now & the share price has hit the 30's which say's to me that the likely billion barrel find is not going to happen.
I feel the pain for the genuine vast holders out there & hope they strike big as this will instill some confidence in Longford.
Problem with Longford is they do not have sufficient funds to drill the wells & they need to wait for Vast probably before they hire the rig so June may or not be the start date.
So Longford need cash as drilling in kurdistan is expensive probably 30 million needed so stock dilution to follow plus Forbes team will pocket a few million for themselves in the process and manipulate the small PI's along the way.
Now how much oil is in chia surk is hard to say as our neighbours are not exactly flowing with oil ...Vast ? WZR ? Sterling ? Heritage ?
Still longford is looking cheap as remember it was trading at 80cents in 2010 but again that was on hype as got sucked into it my self.
Be good to hear from fellow pundits who are along the same wavelength & have the same thoughts opinions.
Buzz