RE: Gentlemen, while we wait...Stocks,
Good to hear from you! Indeed, I did make money with SYY, but it was a little bittersweet as I felt and continue to feel that the company could be/should be worth considerably more than the $1.45 offered.
I've held a position in Derek for what is probably years now, but I've increased it by about 4 fold since they announced the JV with Ivanhoe. The good thing about the JV is that T.IE will be fronting the capital for the intial phase of the project; and my biggest hope is that any financing cash (on Derek's part) will be put into securing similar type properties which can then be developed with the cashflow from the primary LAK Ranch property. (Just fully exploring the entire LAK ranch property and bringing it up to full production will likely earn the lion's share of cashflow in the early stages - it has been independently estimated that there is at least 100 Million barrels of oil at LAK, but the speculation is that once the property is fully explored, that number could be considerably higher.)
Best regards to you and to your investments!