nothing wrong with your strategy george except that it includes the spreading of unsubstantiated rumours and trashtalking solid companies. Morally and ethically a very low approach imo
To your credit you successfully identified a severely undervalued company. Future growth can be achieved by development drilling (as opposed to exploration drilling) and revenue growth can be achieved thru improving commodity prices.
I am sure that the prospect of a wholesale trade sale and return of capital in the order of $1.50 per share would be appealing to some. Particularly if in the meantime the company continues to reduce its debt and buyback its own shares.
Obviously the value of a trade sale would be effected by many factors including POO and exchange rates but it should be remembered that these are very long life assets and should attract a premium imo
nothing wrong with your strategy george except that it includes...
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