RE: Should have Could have like I said in an earlier post, this daily trading and opinions and target prices are just noise, you have to be able to ignore it. Nobody ahs insider information and we all know the facts quite well, thanks to the high quality of information from many regular posters.
the quick profit guys are taking profits and if you get scared off then you're selling at a loss because you think the sky is falling, far from it, MGM is just getting ready to drill their way into a big resource.
sure there are many questions about the future but the quality and sie of this resoruce is the least of my questions and once they drill a successful well, MGM will be trading much higher than 0.30, maybe 0.60, maybe 1.00, just based on the reserves.
we'll cross the pipeline issues, and environmental issues when it's time but for now it's all about the resource and if MGM is not destined to be the operator of this play then that means we'll get fair price fr our shares and again it won't be 0.30.
IMHO this is still a very good risk/reward play for future price appreaciation again jsut based on the size of the canol resource.
DYODD