RE:RE:RE:Options
Hi Doug, ya, it really doesn't tell us whether or not the company will be sold given that the retirees can cash in on the optons at any point over the next year. And although I am rambling on about the options, as with most things we simply have to let the future of the company unfold. But I will state that I understand the Weasel War Dancer's strategy of cashing out before first oil at Stella. I probably will continue to hold (we'll see where the market is at), but there is still a lot of risk with IAE. But I agree somewhat with Anal Sniffer's concerns, although for different reasons. I don't think there is a significant issue with the management of the company. There have been glitches for sure, but nothing more than what one could expect in the North Sea. If you want to see serious F__ Ups take a look at SLG or XEL. Compared to many NS juniors and mid-producers IAE has done pretty well. Just their hedging program alone puts them in the upper echelon of management teams in the NS. So, as far s I'm concerned management is not the issue. However, the global impact could be meaningful if this company is not sold within the next 6 months. The longer the BOD holds on to this company, waiting for the PoO to recover before selling, the greater the risk that it will get caught in a massive correction in the global markets and if Trump gets elected well all bets are off. If wither of those things were to happen then it may not get sold at all. It could turn out that a $2.00 takeout price proves to be a brilliant move. But the BOD do not have a crystal ball and for all we know, we may not see a correction for another two years.