Posted on EQX thread:
11/05/10 10:25 Sentiment: Buy Disclosure: Stock Held.Shares trading at 30-35c
ian middlemas will bring shareholder wealth
I have taken a very large position in this company over the last couple of months and recently attended the general meeting for the company to vote in favour of the re-construction of shares.
Management will bring a large scale overseas project(probably West Africa) into this company and when they do will it be very hard to get shares in this tightly held company.Only 43 million shares on issue now.
I have followed Ian Middlemas with Coalspur and i believe he will deliver the goods on this future gem.
Goodluck to holders
I believe things will happen to ODY very quickly as
the company has been examining new business opportunities in the energy sector, both domestic and overseas since the
March quarterly 2009.
also in the SEPTEMBER 2010 QUARTERLY REPORT
The Board of Odyssey Energy Limited (Odyssey or Company)said it:
Continued its efforts on the identification and acquisition of new resource projects.
In this regard, the Company is NOW ACTIVELY PURSUING a number of opportunities in the
resource sector, however no agreements have been reached and the Directors are not able to assess the likelihood or timing of a successful outcome of any of the opportunities.
I also believe that a share consolidation will take place in the next couple of months similar to EQX(1 for 10),which should flush out more tried shareholders that have lost faith in the company.A consolidation will make this company very tightly held and difficult to get stock without having to pay up.
Also i have great confidence in this company finding the right project when IM puts up $250k and other director throw in $100k in a recent placement.
My feelings is that getting alot of stock around 7-8c my be difficult.
Just my thoughts.
Hope this helps
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