RE:RE:Talk about letting prices get the better of your emotions.
I think blind acceptance that a high price tag is associated with a superior set of claims is dangerous thinking. Personal opinion, I think Noka has a lot of property on its plate. Companies in the basin are attempting to stake property portfolios that would suit their growth needs for the ensuing decade, whereas they should be more focused on the next 2 years. There is no question Noka has intent to thin out some of its holdings after initial surveys are conducted and they are able to identify the prime locations. However, 6 million shares is a fair amount of coin for just a peak under her skirt.
To clarify, my comment yesterday centered on the trading range of Noka and was not to reflect opinions about deal making and the difference between Lakelands property and Lodge Pole Point. Although I will say that it is not a seven figure difference in transactions here. You are talking about 600K versus 50K. Material, yes, end of the world, no. That being said, the Noka team freely entered into the Lodge Pole transaction which means they must have plans for it which balance and are in the medium term interest of the company.
As is the case with any early stage company, it is very difficult to ascribe a share price to them. Low liquidity, emotions, and quick trigger fingers quite frequently get the better of many investors/traders. Bottom line is that there is a substantial amount of hidden potential in their property portfolio, extracting that potential however will take time. It would be a shame for investors to get caught up in a single deal, or event, and lose focus.
@nopoo: clarify for me what you mean by “A huge percentage of the outstanding shares were never paid for, they were given to executives etc. It's all fake money for them, real investors, flippers and pump and dumpers are dealing with real money with real entry points.”