RE: Ya, it's getting tediousI find this much more painful than waiting for drilling results.
There's a tonne of public information available that one can research while waiting for well results. Not to mention locals in the field helping to ascertain what's actually happening out in the field.
The difference for me is that with SamSys we know there is a big reservoir beneath us. But we have NO idea of which wells have been spudded and what the underlying targets are.
We have been told one reservoir holds $25mm but that was six months ago and we have no idea what that pipe is actually producing.
No provable reserve's = no interest in the company. That's the period that SamSys is in now.
My opinion of Cliff as a CEO is yet to be crystallized.
However the shareholders of SamSys have impressed me. If it where not for the longs hanging in there I think the PPS would be much lower, given the abysmal volume of late.
So right now we are in spring thaw mode, so there isn't going to be a change upwards in price until those drill bits start hitting some reservoirs. Only then will be able to access the reservoir and how much $$ it is worth.
According to Cliff's year end statements, we should see some action in the next few months. So one month gone by,nothing.
I'm waiting...
John