Kolibri Global Energy Inc BNKPF

RE:RE:RE:RE:Has anyone noticed.

[auburn2]

rajm wrote: Hey Wittman, better to just keep these guys in the delete category and not get your blood pressure up. They keep popping up but speak nonsense and have absolutely no impact on stock prices as has been proven time and time again. They are sitting on a coke case in a little basement apartment somewhere trying to pretend they are successful investors and they love to get people worked up.

On another note, it continues to be encouraging to see upward movement on the stock price as, at this time of year we typically start to see sellers taking some profits putting downward pressure. I think that the market has started to realize BNK will not be disappearing as some smaller companies have, that the repetitive drilling success sets a lot about their acreage and that it is an upward story from here. Finally, the market valuation will start to fall into line with some other comparable companies!

rajm

Which are the comparables? The decline rates are alarming for a small producer. They need a lot of capital. I still hold shares based on the reserves and my belief in continued oil strength, but I do have my reservations. I think they want to do another financing around these levels.