Post by
tpaymans on Jan 28, 2010 8:24am
sold again
Yesterday I sold some shares! @ 19, @18,5 and @ 18.
I know junior companies witch have more than 10 wells in production, gas wells and other projects running but still in the range off 10 cents.
This Deloro I get a deliero from. Again one month and nothing jet. Wonder how long they can do without money. To stay alive one needs cash. But this guy seems to have the time!
To tell you my opinion Deloro needs more than one well to have some success. Just one to start is nice but with 200 barrels a day you will not see higher a share price! The share price is far to high at this moment.
See you later when the share price is lower, I still have a good deal off shares in reserve.
Comment by
tpaymans on Feb 01, 2010 6:16am
Did not I told you: they need cash! (Without the need off a source)!I hope they can do the PP at that price because I fear that is difficult.Anyway I sold friday again @ 19 cent. So my position is almost zero now, because I don't believe this share will go up. More likely it is going down. Again when 10 cent is on the horizon I will buy back.
Comment by
tojo123 on Feb 01, 2010 9:33am
Ye of little faith. You won't be missed.
Comment by
tpaymans on Feb 01, 2010 9:51am
You should not blame the doctor for telling that your child has a sickness!