Post by
Bendit on Oct 04, 2010 10:17pm
News?
After an initial sell off this morning, bids built with small selling into them..trading in the pinks (USA) both today and Friday was interesting...maybe USA interest in the LA asset?
I think, based on previous NR, results on the exsisiting lease will determine next drilling program. Cash flow is key as we have to pay back 8%/month on the $1.5 m.
Personally, as a long term trader/investor/shareholder, I think this is trending higher as investors accumulate for the long term and not the penny flip we have been enduring for the last two years.