Topwon, Maybe they are planning on a merger instead of...

Topwon, Maybe they are planning on a merger instead of acquisition. This could double or triple the market cap without increasing the share price. Either that or just not thinking enough about where they expect to be.
What a director says should never be taken as gospel. hopefully they will aim high so that they are always striving to get the best returns for shareholders. I think history tells us that they have done a good job of increasing share value. At the moment it would be easy to loose faith because we don't know what they plan to buy. All we can do is assume that they plan to grow the company with this new found money. From my way of thinking I totally agree with the sale of the leases. With oil prices on the increase the best place to be is one with producing leases, not leases that you don't have the money to drill on. They have consolidated so that they can do what they do best, drill for oil and make more money.