Post by
oldtimer42 on Apr 05, 2012 12:15pm
Strategy?
GWY hyped up everyone for a Cali 1st quarter resource estimate and Vetas in the 2nd quarter. They should have rethought that strategy. If they would have announced that BOTH estimates would be released in the 2nd quarter they could have combined both which would produce a 43-101 that rivals the original VEN 43-101. Oh well, it appears we are heading that way anyhow. I just think they over promise with the best of intentions which results in a deteriorting SP while we wait. On the bright side I think no news is good news.
Comment by
Dansul on Apr 05, 2012 12:41pm
oldtimer42, your analysis just right. However they are trying to maximize to beet the offer they have and more negociation for better price. I think they decided to delay Vetas, is in our favors to hold the share price after the sale of Cali as Vetas has much more potential and will have more rigs working to max the Vetas estimate. They are changing for the better. Dan
Comment by
Geef on Apr 05, 2012 1:23pm
On the assumption that results of drilling from Cali over the past 4 months have continued to be positive, how does witholding these results improve GWY`s negotiating position with a potential buyer? What other compelling reason could there be for witholding results. They have been on a fairly regular schedule with Vetas releases.
Comment by
Pandora on Apr 05, 2012 1:42pm
Usually companies like to publish "good" results as often as possible. Wit all the drilling they have going on and no results does not give a person a lot of confidence. Can't say I'm looking forward to their next release. Hopefully I will be surprised but I'm sure not holding my breath.
Comment by
Dansul on Apr 05, 2012 2:09pm
Geef, you have a valid questions? Just to satisfy the buyer. My understanding they don't care much about the share price now because they know how much it will be once they announce news. GLTA, Dan
Comment by
coolhands on Apr 05, 2012 2:09pm
I agree, it definitely doesn't give you a lot of confidence when don't hear anything from GWY. Can they hold off on PR if they are in talks with any potential suitors? Very frustrating...sitting here waiting patiently
Comment by
Dansul on Apr 05, 2012 2:23pm
OH, I just got another call from my broker if I want to add more. Have a nice weekend guys, Dan