summer may contribute to slower reactions keeping in mind business is on the minds of our partners.could we see a announcement shortly yes believe it.ilovetojumpem1 mentioned all systems are go.that is accurate.no entity works against metanor at this point in time.i can not and never would put a exact date on the release .many moving parts are running at full speed.
the recent buy that management has executed with the Sprott faction bodes well for you all.
the saving grace for the share price is two fold.i have discussed one.the second factor is oil.one of the largest components in cost has corrected over fifty percent in the 3 years.
from 2009 to mid-2014 times were pretty good for oil companies. The price of oil surged 130%. XOP a ETF that holds the largest oil companies gained 165%.then oil prices crashed. the price of oil is now down 57% from its june 2014 peak. its now hovers close to lows we haven’t seen since March 2009 during the worst of the financial crisis.
US oil production is still near an all-time high. the US energy Information administration reports that US oil companies are producing 9.4 million barrels per day. thats near the peak US production reached in the early 1970s
conclusion-you will do well longer term here. as we move forward temptation will overtake many for profit looks better than a loss in any portfolio.yet i will hazard a guess that retail will sell early as most investors do.thats fine. do what you must.
okay boysngirls, im out of here…..continued success to you all who follow doubelieveidonts excellent commentary as he will continue to keep you on the correct side of the trend…… and that in todays world is one hell of a result!
$CHEER$