Buying opportunity may soon be overHave you started to pay attention yet? How its stayed down less than 15 cents for this long is beyond me but I think the wait is soon over.
Anybody that bought in early is NOT selling for less than 20-30 cent range IMO, unless they have started to panic. But why? There's nothing wrong with this company and it's a 1-3 year play. But if Oil prices continue to go BANANAS like they have over the last 3 months, you could see a spike VERY soon!
So many shares were issued at 0.15 and this thing has gone from 2 BOPD to 45 BOPD. 60 BOPD is their aforementioned breakeven so I suspect the next news release is something to the tune of them hitting that 60 BOPD mark. Then profit from there... AIMO.
Look how many shares were issued prior to this being traded on the CSE:
Source SEDAR:
July 19, 2016(13) 5,446,667 $0.15 cash
October 25, 2016(14) 1,666,667 $0.15 cash
October 30, 2016(13) 2,166,667 $0.15 cash
November 21, 2016(13) 833,332 $0.15 cash
November 21, 2016(15) 2,124,565 Implied value of $0.15 services
December 16, 2016(13) 1,390,000 $0.15 cash
December 19, 2016(16) 516,891 Implied value of $0.15 property
January 11, 2017(13) 3,099,998 $0.15 cash
January 27, 2017(13) 5,673,331 $0.15 cash
January 31, 2017(17) 40,000 $0.15 property
February 9, 2017(13) 246,666 $0.15 cash
February 9, 2017(18) 20,300,000 Implied value of $0.15 property
March 1, 2017(13) 113,333 $0.15 cash
March 29, 2017(13) 2,468,066 $0.15 cash
May 31, 2017(13) 18,894,993 $0.15 cash
Total: 64,981,176 ALL @ 15 cents
Again, seems to me like the only one’s selling are those who don't want to hang in any longer, FYI it's only been listed for less than 6 months so I suspect there is very few of those folks, or perhaps those who bought in even cheaper on the open market at 6-10 cents. Hence the back and forth....
Please DYODD & can someone else start posting info they find out? Echo...?