re: dont buy anything that pillman buys I think larger forces are at work here. For under $20m you can buy an oil company with turn over of $8m and profit for 2005 of over $3m, plus several large projects about to get off the ground. PE on DLS is now 2.5 comparied to a woodside that is 16. How does that work ? Even with a PE of 5 that should be a shareprice of 12 cents. Even on a Profit times earnings of 8 it should be 8 cents at least.
On the sell down campagn to move the shareprice to .66 for the Rivkin goings on, they have scared the wood ducks out even lower.
re: dont buy anything that pillman buys I think larger forces...
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