RE:RE:Brent crude is trading over $79 today.I have been buying lately but only with what i call my casino money last year i sold almost a million shares and lost approx 25% doing so ... a pittance i know compared to the long term investors....i am hopeful for the future success of this company that is differwnt from being confident ... the ingredients and potential is there for a significant upside for all the reasons people have posted here but i see three hurdles to successhere
- Management, they are uninvolved and complacent ... perhaps they know something we dont like the straight goods on the next two points
- The Romanian govt has a long history of being a troublesome entity for outside resource developers to work with . Look at Gabriel Resources, and EuroSun Mining for 2 examples of how things go off the rails there. It safe to say as well that the population is environmentally sensitive and leary of developers particularly those with Russian connections like Gazprom
- Finally Gazprom / NIS not only are these companies huge they can eat entities like EW with their pocket change but would they ? I wouldnt want to meet their reps in a dak alley, perhaps Sidoo et all have the same opinion. Enough said on that.
This may well work out as many including myself hope but go into any additional investment with eyes wide open ... at this point i dont see it dropping unless ppl start dumping , this does have a huge float. im also ready for it to just sit stagnant for years, and I dont see anything else in the pipeline without dilution or significant debt ...thats all just my opinion do your own DD GLTA