RE:opinionI originally got into this project because of the size of the Company holdings in the Permian Basin and the dynamics of the oil & gas industry in Texas with the high profile of the Eagle Shale play.
The info seems to suggest that Lynden's holdings in Mitchell Ranch are pretty much centered in the prospective shale play of the Permian Basin.
I realize that all of this is pure speculation and is exploratory in nature but I believe there is enough substantial data brought forward that there is reasonable expectation for success. Investing (speculating) on any company on teh Venture Exchange at this time is a real roller coaster with more down slopes than up however Lynden has held it's value reasonably well. They hold a lot of valuable property and have used that value by selling off pieces to raise capital and prevent some other capital raising moves that would cause dilution.
I believe management is doing an astute job of handling their assets in a responsible manner and the bottom line should be a good win in shareholder value.
We all know that things can turn on a dime in the Venture market and the roof could come crashing down but I believe there are a lot more marks in our favour than against. I remain positive.
There has not been a lot of news put out by the Company. The last was a quarterly report from the end of March https://cms.spincaster.com/siteFiles/51/files/NR30May.pdf which would indicate we should be getting more news soon.
Not sure what caused the uptick the other day but it seemed someone was projecting positive news however it has also pulled back so who knows.