RE RE: LG 2 TestingIt really is that simple. Sounds to me like rigs are in short supply, and high demand. Unfortuneatly
this does not bode well for the share price, as we are clearly under selling pressure once again while we wait for news. This is a tough one to call, i have been in this stock for awhile now. For a second go round i might add. Lost some money the first time out, should not have put so much faith in Eric Nuttal. Oh well, no blame live and learn. Bought in second time at 12cents, doing really good. Should have sold at 40 cents, really thought the share price would be much higher based on production, cash position, and potential drilling success to this point. Outstanding share count for sure is hurting us,the companies position in that regard is absolutely no consolidation unless it could be supported by a solid bussiness oportunity. No dividend to be payed at this point in time. Even a small dividend would cost millions, money would better be spend on the 2014 drilling program. I for one agree, sorry hedge. As far as any potenial buy out guys and gals, we can all speculate as much as we want. Until someone shows up with their cheque book in hand and makes us an offer, it is nothing more than wishfull thinking. I have mixed feelings on the warrants. The positive, cash to the company. The negative more dilution. Don't want to sound like a debbie downer but here we sit waiting for news, which probably won't, come anytime soon in my opinion. Buying opportunity? perhaps, i will reasess my position after LG 2 results. For those who care i have called the company only 3 times since being invested in Pta. I recieved a call back everytime, from Colin Wagner. If you treat the man with respect, he will be happy to answer your questions. And hopefully bring more factual information to this board.