nearly there, page-2

PF is never on holidays. I am just spending most of my time hoping that this current drilling is successful. Friday's action was interesting, but not convincing. Someone (or two perhaps) has been selling out of this stock the past few weeks - probably due to margin calls on other stocks. There has been a lot of that going around. I heard about someone who had a $16m margin call...imagine that !! but for the relentless selling, I think this would be in the 80's a minimum. I still maintain what they have in the US is worth closer to $2, and if they have moderate success this next 12 months on their heavy exploration programme, (say 25% success), this will be worth $6 ( with some average assumptions about the price of oil and gas). I do not know much about Hermes, except they predict not as prospective as Schwing. I like this company at the moment (can you tell). I like that they have built this into something which can reliably gemerate $30m in annual cashflow, and have bitten the bullet and seized the opportunity to throw the kitchen sink at educated exploration with attributable potential success which will add multiples to the value. If they are not successful this month, they will be at some stage. A billion dollar company in the making; that's my assessment. Just a matter of time. The beach is extrememly windy today; now that's disappointing!