No offense intended Bello and PC. My enthusiasm for this stock is based on facts as we all know them and inference based on these facts.
Back in the $1.80 days my views were a lot less positive than they are now. The IRR then was good but the promised flow rates never happened. Promises wore very thin and SP crashed. Management failure to report and/or support the SP kept it down until Jan 2008. Catalyst for change of opinion had more to do with probability of board being replaced if nothing changed (big SH are not stupid and can influence the company). Comments made at the AGM by the MD flagged that this was a highly probable possibility. I suspect that that happenned and now we also have two new directors and GS influencing the company.
Different ball game now for all the (positive ) reasons appearing on HC. $3 is possible and highly probable, $4 is possible and somewhat probable. $2 or less is possible but improbable. Go with the probables.
So my enthusiasm continues unabated.
MAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
