RE:Everyone Calm Down...You missed the point. Jim was calling for massive prices after the first round of drilling. According to Jim the anomalies were as good as holding the winning lottery ticket. If you know anything about geophysics you know that the vast majority of anomalies are barren. Total garbage. So the results here are as one would expect. I covered all of my short position at 12 cents because they could have hit it big. The odds were against it.
zeroboot1 wrote:
they drilled 5 holes FFS! You really expect them to hit the motherlode right out of the gate? If so, you don't understand the resource exploration process. I guess if you are a trader its disappointing. But as an investor, the game is just starting.