RE:RE:Managements 2012 promise ....williammstanley wrote: The SP is up over 300% this year ...Now that's Shareholder Value !!!
i hope it can stand on its own as the POO starts to stink.
Ha!! Ya, real value there William. LOL!. The share price is close to 1/3 of what it was 2 years ago and that is considered value? Sure, why not. The point is, this stock has simply moved with the price of Brent over the past few years. And it will continue to do that as we go forward. The idea that this company will maintain its current price if Brent falls is simply wishful thinking. Monkey and Ferret have shown how IAE will move lock-stap with the price of Brent. Sure, there will be a bump in the share price once they start producing from Stella, but after that bump it will then continue to move up and down with Brent.
The value that management was referring to in 2012 was the development of the GSA which is just starting. But it is starting in an oil price environment that is half of what it was back in 2012. I'm sure that if management had a crystal ball of what would transpire over the next three years, they would have sold the company in a heart beat. If we see $3.00 over the next year, we will be exceptionally lucky and it will mean that Brent has improved at least 20% over the current price. Something less than $3.00 is probably more realistic at this point unless Brent move much, much higher in the next 6 months. Either that or we have to hold this considerabley risky stock for another year or two which I for one will not be doing. I for one can't see holding this stock for anymore than another 9 - 10 months and that is only if Brent is improving.