RE: Would it not make sense...... To the guys who own this stock at the 2-3 dollar level, you have to try to remember tha there are millions of shares that were purchased at the 7+ level and are still beign held.
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Regardless of what they were purchased for ABBY very forcefully indicated that this company is worth significantly more than teh talked about 10 sale price a little over 18 months ago. What has happened since that time? The stock tanked because of missed targets quater over quarter over quarter... So was ABBY wrong in his assessment of the company's value? Who knows, the value of something is what is offered and accepted right?
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The reserves that are beign unlocked by BNK tells a story that is not finished growing. It's not a long shot to expect over the next year to 18 months to see a major increase in reserves based on the steam floods and the locating of Natural Gas to fire up the steam generators. When that happens the value of this company willdifinitely go North of 10.00
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I find it opponutistic (s.p.) for people to give a value of this company at 100% higher than their pressent holdings, but there as I said millions of shares out there that would need to get to 9.50 to just break even.
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For your information I'm in at 8.70 and bought all the way down to less than 2 my break even is only 3.20 but I'm holding this long term not just to break even but this is a story that is only now unfolding.
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GLTA