Post by
BFREE2 on Aug 17, 2011 3:52pm
Strategy
Your best bet is to follow the money and do what they do, rather than 'hope' for the drill to pay you.
The last PP of 9,000,000 units was offered at 5 cents, and that represents A LOT of cheap paper. The hold period for those units expires on September 14, 2011 and you can bet that the participants of that PP will want to get their money out as soon as they can after that. The SP will run and they will be selling their shares as others begin to buy. My plan is to sell right along side of them.
All of that being said, it's very easy to get caught up in the idea that pending drill results could potentially 'make me rich', and all at the simple click of the mouse button. Yes, those previous results certainly showed some promise, but how long are you willing to leave your money here in the hopes they can make something of this?