Post by
adamsight on Dec 11, 2013 11:39am
Well
I see that the company is indifferent to its shareholders. Updates every 1/4 pathetic. I am sure they will retain IR because hey thats a good investment.
I am kind of glad I was right on the .10 thing as anyone on this team will have this on their resume for years to come.
All hail the bashers you were right, what fools we were. Anyone hoping for good news that are at work come tommorrow will sell too. Downgrades all around.
Now on to new business I would like to convince the person who spoke to the cfo to file a securities complaint. From what you have posted here I would feel it reasonable.
Please do so.
Booze all around.
I myself see a larger sell off tommorrow putting us on the floor maybe .08 as funds that need approval decide to sell.
I hope not but I can easily see it due to the time of the year.
If they get a buyer I cant see more than .40 a share.
Plant cost 450 million and needs another 60 million, senlac 100 million but working at 25% of original 5000 bpd
so lets say 390 million + 100 million. = 490 million + bitumen in ground- debt. and legal costs, early debenture payout.
In retrospect .40 may be too generous.
What do you think shat
Comment by
ShatnersRug on Dec 11, 2013 11:47am
In truth? Shat is scared shatless at the moment. Gonna stick with my plan and perhaps buy a small block next week or the week after. I did not expect news such as it was this morning and also did not anticipate 10.5 cents/share.
Comment by
adamsight on Dec 11, 2013 11:51am
My concern on buying more is no news for 3 months, lots of downgrades. I am a fan of the bounce but with so much uncertainty what will it bouce to. When enron went broke I made tons of dough on the bounces but it had news out every 10 minutes for days
Comment by
zanadu123 on Dec 11, 2013 11:54am
Foofat can do the same magic..if Lutes lets him stay around....I doubt IR will be there for long....