Hi I don't really post on here, but I do read everything. Maybe more importantly, I went to the meeting today for something to do. It was short, sweet, and to the point. A couple comments in response to a few things here. The bet is not on the CEO, it is on the Pres. Cavanagh. More's responsible for keeping dollars in the till, which his background is excellent for, not to mention quite a bit of it is his.
The report is very close...More said it has been a very good process of back and forth, and it shouldn't be considered as delayed. They are going to be reporting all 5, not the 2 that some had mentioned. 1 interested party has spent considerable resources doing their own due diligence. First has upwards of 15-25 groups actively looking for properties in the area. The Nigerian government had proposed to award 56 fields, but it is down to 19, which leaves a bunch of interested parties disappointed. Couple of developments in the adjacent properties are exciting. Once the report is out, the process is going to be quick as far as opening the data room, 30 days...not 90 or 180. We'll see what offers if any come in, and the SH's will decide whether to accept a buyout, or produce. On and on.
He also said he's going to stop giving dates because then they end up being wrong. But, we're on the goal line. I don't care what anyone does, or what they go on about...I feel comfortable adding on any dips, and waiting it out, which I don't believe will be too long. I'm small potatoes anyhow. Has all the makings of a winner.
And, on a sidenote since I never post, if you really want to get risky, you can take your winnings and check out AIVI, but it'll take some work. That's my biggest play. Should be a 50 bagger just to get to the proper valuation based on historicals. Nevermind going forward. If you look, you'll be shocked. Maybe I'll start a board.
Best,