RE: RE: RE: RE: perspective I hold both HRN and AOI.
I sold enough AOI to pay for my initial investment so what I continue to hold is a free ride. At the current stock price I'm at about 10x on what I hold. A 3% drop in price today doesn't do much to upset my confidence in the company. I anticipate another 2x to 3x rise by the time AOI is acquired. Then I'm out.
I own HRN from two separate private placements. The first one is a free ride at this point. I hold shares and warrants from that purchase. I'm still fully invested in the second one and own all the shares I purchased in that PP + the warrants. So the only money that's mine and at risk is the second PP from HRN.
HRN has a great management team and they are in an opportunity rich part of the world. I'm not concerned about HRN finding considerable oil. Timing of the find is important because it will determine the amount of dillution from any future PPs that may be required. The sooner the better. But even so, I do not expect to lose money on HRN. HRN may not be as productive for me as AOI, but I anticipate a good return overall.
I'm invested equally in about 10 other early phase oil drililng companies as well, most via private placements. This is a very lucrative area for speculative investment. But you have to manage your risk. Aside from picking great management teams searching in resource rich and politically ok countries (mostly), I diversify holdings to spread risk and I ALWAYS seek a free ride. With warrants the free ride is easier to achieve.
Reason I bring all this up is because it keeps my blood pressure down and keeps me from being a message board jerk. Best of luck.