sgl - large buying parcels again, page-15

  1. 547 Posts.
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    Exactly but someone needs to make those unaware of this fact, aware.
    This stock right now is overvalued by about 4 times. It has potential to be valued at this level but potential means nothing when the chips are down.

    Nothing has changed in this company in the last 2 years, just that some known market movers have entered the register and at some stage they will take profits. Because they are sophisticated investors and were issued shares without a prospectus they are in escrow for 12 months so mid next year the profit taking begins and if the project is not profitable it will struggle to survive. For those of you who want to punt on the timing I believe it will go higher say $1.50 - $2.00 but don't be holding the can when the sellers hit and the support is lost.

    The only thing that will avert this is drilling wells because then the potential can be realized and all my warnings are irrelevent but history shows that in two years very few wells that were planned have actually been drilled. WHY??????

 
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