GREY:HRTPF - Post by User
Comment by
gusgoldon Dec 19, 2011 2:29pm
275 Views
Post# 19335275
RE: RE: RE: Low volume drop
RE: RE: RE: Low volume dropThe buyers are dead wrong because they all were influenced by MM's bs. The market is looking at this: HRT had 2 billion reals after IPO. They spent 400 million reals drilling 4 wells. They plan on drilling around 19 wells in 2012, so they either prove out commercial production and get some cash from TKK-BP or they run out of money and go bankrupt in 2012. The clock is ticking..the farther we go into 2012 without proof of commercial the lower the stock price. If the sp breaks $2.50, I put an intermediate floor at $1.20