Post by
adamsight on Apr 16, 2014 11:14am
IR
My unce spoke to ir and he advises they are reiterating the released news.
He asked about the 2 icd applications that were approved and was told as per news they were installing one. He asked if they would close the strategic thing earlier than the end of may and was told it isnt ending at the end of may, that was linked to the loan and thats been taken care of.
He also asked about share value, with the nav price in the last report being $4.00
he was told that will be adjsted.
Supposedly it is based on production and assets.
I myself hearing this and watching the market am beginning to beleive there is a conspiracy to keep the price down.
If they have the money to drill the spacer wells, they will be above 7000 bpd by 2015 and 12000 with the wells drilled why would they adjust the nav, unless there was a need to show the value of the company lower.
Logic would indicate it would be lower due to debt. I think if we see it lower due to production it may be time for a formal review called by the shareholders. I would ask why still pay rbc for a strategic review with the loan in place. This smells of golden parachutes.
I was so happy when I saw the loan, but now I dont know.
Maybe shat can call ir or his connection at stp and get soe clarification.
I understand it was a short conversation so perhaps my unle misinterpreted what was said.
Supposedly the next update will be when the quarterly results are released, we could be .20 by then. Obviously the little guy doenst matter anymore.
He did say a while back that the company issues options every summer so perhaps in hs mind this is what is holding the shareprice back, although he is doubtful.
A
Comment by
monzie on Apr 16, 2014 12:57pm
Not to mention that in total across all trading platforms a whopping 430k shares have been traded/sold off today. Or in percentage terms 0.1% of the outstanding shares with a value of roughly $120k. This isn't even close to a selloff.