GREY:RNSFF - Post by User
Post by
Budakaion Dec 11, 2017 9:37pm
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Post# 27134915
Not baked in, just nothing ventured yet...
Not baked in, just nothing ventured yet...This is a Venture stock...
There's always money in the ground, but equally there is incompetent management to mess it all up. (See CZN and my portfolio losses as a lesson to sitting on a mountain of money, and not having the sense to make any value in your stock).
The important thing here, ever since the oil stocks have fallen out of favour, is still spud to TD.
The big funds want to know there's competent management, and the shorter the time it takes to get this well going, the more money this stock will be worth.
If they can show they are efficiently operating these wells, then they are showing competency, which will make it skyrocket.
I have no doubt in Tefler & co., especially with the connections and involvement of our most recent big VC that there is a skilled team and/or consultant there to ensure delivery.
I don't think this stock will be a Christmas present, but better mark it under New Year's resolutions.