RE:RE:Some perspective... I was thinking about this. I don't think $1 and $3.50 were cheap. They were appropriate given the wildly risky proposition at play. I think the NR changed the game entirely here. Positive results on the first hole! The next hole and seismic an order of magnitude more likely to be positive no?? $8 may indeed be "cheap" now.
Yolostar wrote: @headtotoeinthe6 great post ! I suggest everyone read the links just to get some perspective ....to think that RECO ( one junior exp company) has the rights to potentially amounts of oil that Iran and Iraq have is truly a mind boggling number that can't be evaluated properly! ...the only fact is that in terms of current share price, 1$ was cheap, 3.50 was cheap, 8-10$ will be cheap....the sky is really the limit