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Silk Energy Ltd SLKEF

Silk Energy Limited is a Canada-based resource company. The Company acquires undervalued oil and gas assets in Kazakhstan. The Company, through its subsidiaries, owns a 50% interest in the KMG Ustyurt license (Ustyurt). The Company focuses on exploring and developing Ustyurt, an onshore oil and gas concession comprising approximately 6,500 square kilometers in the Caspian Sea region of the Republic of Kazakhstan.


GREY:SLKEF - Post by User

Bullboard Posts
Comment by surething1111on Jun 17, 2011 10:20pm
264 Views
Post# 18732326

RE: Coincidences?

RE: Coincidences?
Victor,
There's been so many coincidences surrounding this outfit, I doubt even the fabio/drillbit calculator could  add them all up!
I too have been observing this latest chapter and find it all very amusing.   whaler's still at the Big IF doing "a decent job" well, that's according to him.  He is still consistently inconsistent when it comes to his posts. It's glaringly obvious that at the UMJ hub he only ever posts a weblink for UMJ articles or releases,  and weblinks,  plus a copy and paste of any articles or news releases from the ISM camp.  When I made reference to this fact it turns out,  I'm the one that is "too lazy" .  


Another coincidence that came to light recently but that hasn't been mentioned on this BB is something gleaned from reading one of URSA's publications.  "Inspiration does not have a record of good corporate governance  according to Institutional Shareholder Services (“ISS”), a leading independent international corporate governance analysis and proxy voting firm.  In each of 2008, 2009 and 2010,  ISS recommended that shareholders withhold their vote from Inspiration’s nominated slate because of numerous corporate governance concerns."  
So it's not really a shocker coincidence but who knew it was 2008, 2009 and 2010, makes you wonder about 2011 too.
I always said, when it comes to ISM, it's share price has always far exceeded it's intrinsic value.   IMO, it appears that market forces could be wresting control away from managements continual attempts at inflating the share price.  Today's closing bid of 0.035 might actually be a fairer indication of where ISM's true intrinsic value might lie.  
Could this well be running dry?  
Bullboard Posts