RE:RE:RE:RE:Can't type fast enough, stock crashing, now I get 20% moreNew to the board, just a few comments:
I'd say that the bought deal in the face of $63MM in cash already on the balance sheet plus the 2 new hires is enough reason to get excited that they think they have something to develop on the east coast. The likelihood that that deal doesn't close is very small, and the institutional investors that are buying it aren't stupid either. They probably have more information than you too.
The Cardiff-3 well is also unconventional so the delays are not so unexpected, but the rest of that conventional drill program should get production back to a level where the company stops getting punished for the original drop.
And, technically, $4.00 is a big support level and you SHOULD be buying here today (I was). It held this in August, a couple of times in April and a couple of times in January. It's also the 100DMA. Highly unlikely in my view that this goes back to 3.50, especially with so much news coming in november and december.