RE:RE:my two bitsuptowndog1 wrote: New lows coming, before highs, IMO
Fully agree about the lows, but I doupt about the highs.
And I don't think that the conference in Germany as well as London will convince anybody to buy this cr*p.
If they tell the folks something about tight-hole-status and people take a look at the chart they will laugh and walk further on.
As I predicted since they released that nonsense news without any content, the shareprice goes down as long as they do not tell what they have. And as longer they wait as more painful it will become for shareholders.
And I predict that shareholders will see shareprice below 10 CADCents soon, as long as there will be no news.
But on the other side I doubt that it will be getting any better when they release an announcement, because as I told earlier I guess the results of the flow test are not as good as they dreamt.
And all that blahblah about leverage and strategic development is just to buy time.
So market sees that they are not very experienced in hiring "experts" to drill a simple hole 750m deep vertical into the ground. Market sees that they needed three attempts and burned a triple amount of shareholder's money to finish ONE single well and the outcome seems to be not very much "pleasing".
Every other company would announce a great find, shareprice would rise, they could look for a partner and/ or raise money without dilluting to much and drill a second well and maybe even a third well and go into production.
But instead of doing so, nothing.
Furthermore their cash reserves should be almost finished, too. And now they have the problem how to tell it to the market.
But market is not stupid, market can read between the lines very clearly and market is not interested and is walking away. Besides, more and more shareholders are selling, before the loss is getting too painful.
And all that nonsense that pushers like my best buddy Grobi are yelling will not help at all.
He appeared on the board end of 2013 and since then he was pushing and pumping that stock 24/7. Take a look and read the sh*t he was posting from the very beginning
Grobi's nonsense from the very beginning I guess he once apon a time bumped into somebody from SMI and they told him a very nice fairy tale about blue sky. So he obviously has no clue about O&G exploration and no clue about trading shares and how stock market works, but I guess he bought sh*tloads of shares and then he started to praise day in, day out that "soon" all shareholders will become blo*dy rich.
I would say: BIG FAIL, buddy, BIG FAIL!
Hope you learned your lesson.
Anyway: Happy Sunday!