GREY:SDRYF - Post by User
Comment by
gonecodeon Aug 13, 2011 3:33pm
329 Views
Post# 18939152
RE: Accumulation ?
RE: Accumulation ?Considering where the market has gone the last few weeks , I think SDX held the low pretty good and seemed to set the accumulation around .10 cents.
HMMMMMMMM ! Did someone say that before ? maybe a year ago ......
I think the fair value is around .10 cents right now ! Again , what I told Swiss and Houndtrader over a year ago.
So , you are correct that accumulation will occur at this level and I have been told until such time as the water flood shows an inprovement in BOPD it should hold pertty steady....
The .085 was a gift and at that level it was a safe trade......I did start buying just under . 10 cents and picked more up at the low .......Had another bid at .08 cents but never got it ......
So , as it goes right now .............
Fair value and wait for news on an increase in production from Gemsa. The only deal I liked so far SDX bought into.
Kom Ombo ...........Well, you know how I feel about that one...........Wasted 50 million dollars........Until such time someone figures out the geology , it goes nowhere.
OK ! Again ...........very decent trade at this level for a 15 % to 20 % return ......
Good Luck ........ Back to the Field for me .........