RE:RE:Don't Count on LNGJackroy isnt to far off. Helicopter companies are buying new A-Stars as the present fleet is aging, they havn't seen this much activity since the powerline/pipeline days of the 70's (I was born in Terrace), and new customer requirements are often so high that it is cheaper to buy a new one than refurb one. Not to mention they require the lifting capacity of the upper end.
Those helicopters are in turn used for geo-drills, surveying, camera work, environmental impact studies, water quality/flow studies, drainage capabilities of the contributing creeks and glaciers, temperature/air analysis of each fiord, butte, and inlet, blah blah blahThis is work that is done in ADVANCE of the actual construction to determine the feasibility of the proposals. Not to mention you will have the environmentalists hired to find positive results, and those against the construction digging the same dirt to find negative results.
Untill the first 1000 tonnes of rebar shows up, and the first foundation is actually poured, do not think LNG on the west coast is a lock. The politics and native rights issues alone are HUGE! You are also dealing with HUGE foreign international entities, who after spending a billion dollars....will think absolutely nothing of just packing up and going home if things get too complicated. There is, after all, Mexico just down the way, who has finally opened their O&G industry to those self same companies that are trying to operate up here.
I am with you on the hope of this company. But I focus on what it can do without the maybe's now and a year going forward. I was out of the stock at 1.04 or so. I have concerns that they locked in the second financing because they could...not because they have a concrete plan. I don't like that.
I put some in the bank and just added to my warrants, as given my percieved added risk with the stock as it is now, I get more leverage with the warrants at .31/.32
I want a home run too. But untill I have an idea how they plan to spend my money, I'll lock in 25% and wait, with some stop/losses added on the warrant side to make a few pennies while I wait. If the thing takes off....I can convert what I haven't stopped. . If the market sinks it, I'm covered, and I only lose the houses money, and can maintain the leverage to more shares in the future with greater leverage and less capital input if things change.
And as cool as new helicopters are....If Enterprise goes that way with their new money, Short this baby and run LOL!