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Most likely shoring up support ahead of the shareholder meeting votes. So I expect we get a pep talk. Stock was up 20% for each of the last two days on very low volume. My guess is someone is just manipulating it upwards to avoid a shareholder backlash ahead of the AGM. I think there is way more risk in this stock now. And i dont see why Tullow would change their mind unless Dana agree to cough up. My overall feeling is that once the lawyers are involved things go from bad to worse.
I believe the main reason Tullow changed their mind is that is oil is now at $30.00. No point incurring all the expense for 30.00 a barrel.
Back from the dead. Is there hope? Where is this website you mention. ? Link?
We will get good news in a PR before the meeting. He would not have had a meeting if he wasn't confident of how things are progressing. It will be a time for celebration finally. IMHO
Looks like it traded almost 5 million on the Canadian ticker on Friday. Apparently we are now a potential player in the recycling of Lithium. Not sure what to make of that. But pleasantly surprised to see this coming back to life. Hope Springs Eternal!
Oil looking strong today after Russia and Opec start to talk about Oil prices.... could the stars finally be aligning ... Oil getting back over $50 would really help matters along.
Well I sent my claim off on the 2nd .... almost forgot about it.... I have no idea what amount to expect ... this was my second biggest loss ever, I bought the hype and put about half my IRA into it (lesson learned) it would be nice to finally get some sort of payout. I believe the minimum was to be .29 cents a share ... but could be higher depending on how many people have filed claims. I'm guessing a lot of people didn't bother due to busy lives and the five year wait etc ... GLTA.... if anyone hears anything on amounts to be paid out please share.
I think we get the go ahead from Tullow soon as Ebola clears up.... so the question if 15K moves it like that what will 150K do or 1.5 Mil for that matter .... we could see a monster move here shortly ..
Sec and Ebola should work out
Biggest downer is the price of oil and not much we can do about that .... GLTA
Well I would love to know how Ray is doing, the whole saga has got to be taking it's toll on his enthusiasm for oil drilling in Guinea. Anything you can add to the discussion here about his overall level of excitement about the prospect of drilling is greatly appreciated.
And if by chance you get to talk to him in the hallways maybe check on his attitude to selling the entire company.
Nice volume today .. I think we are going much higher.
It seems like huge gains if your looking at the Share price run from 0.15 to 1.40 but when you look at the Market Cap, we are still hugely undervalued.
Getting back above $1.00 is very good news ... given trading dynamics of penny stocks, it's a lot easier for stocks to run from $1 to $5 than it is for them to run from .20 to $1.00. So the hard work is behind IMHO, onwards and upwards to a much higher market cap.
Ray talking at a conference in 3 days. Hard not to be optimistic.
And congrats to those who were adding rather than selling into the delisting panic.
At $1.10 it has a market cap of just $23 mil. 37% of a very large concession valued at $23 million, it's sooooooo cheap.
With oil recovering this is completely undervalued.
If we get news on drilling plans for late 2015 or early 2016, $123 million would be cheap IMHO
D o j news is huge. Oil is rebounding. The game is back on apparently. This upward pressure is only beginning. When Tullow mention drilling Guinea watch out above.
Trading on Tuesday?
Anyone have any thoughts on where this will go on Tuesday.
Hard to predict trading on the OTC, obviously it will move up, but how much? ... buying a gap up is always a tricky proposition with just one Market Maker.
My thought is that this greatly reduces the risk in that it removes a huge block to anyone interested in acquiring HDY. So it clears a path for a plan B exit strategy in the event of Tullow not Drilling for whatever reason.
But will any sizable buyers show up, with Blackrock having exited will any other institutions step up for a piece of a delisted Oil explorer in this environment? That is a big question.
And well done to those who added at .20 and below .... Could be some selling from those folks into any big gap up.
My current thinking is of adding if I can get any in the .50's on Tuesday but if it goes higher probably not .... Oil prices could still be a game killer here.
GLTA
I am starting to get that feeling again. Could Tullow be about to come through?
Volume spike
Are my eyes deceiving me or is that over 5ooK in volume today on the .v ticker?
Perhaps something is up!
Price action is very strong ... we have moved from the teens back to fifty cents, a comeback is very much on IMHO.
Oil prices moving back up is huge for Tullow getting motivated to do what they said they would do.
DOJ ... come on already, we need that sorted.
It got delisted .... and the perception among some investors was that it was game over. It's not game over at all. All sorts of positive outcomes are possible here. There is also a frenzy of energy company mergers going on currently. A big pop is very possible any day IMHO
I think that is just how these OTC stocks trade. The Market maker keeps a big spread so he can make a living by pocketing a portion of the spread on each trade.
There definitely seems to be accumulation going on as opposed to distribution that one might expect on recently delisted stocks.
I am optimistic that this can trade much higher on even a tidbit of good news which could come from a number of sources such as;
1) DOJ resolution
2) Tullow moving forward with drilling plans
3) buyout rumors
4) Guinea announcing end of Ebola crisis.
5) big rebound in oil prices
Accumulation going on
Seems to be some steady buying going on ... yesterdays volume was highest we have seen in a while ... and follow through with a strong bid today.
This has not trailed off into single digits .... someone is buying!
There seems to be a big spread between bid and ask much of the time .. then huge bids appearing and disappearing....
It's hard to trust the tape, (currently up 24 to .41) but it could be just bitterness on my part as I sold some yesterday at .35 while it was trading at .33
Anyhow if anyone has any insight into how these OTC stocks trade would love to hear about it..... looks to me like if you buy at the ask of .41 you could instantly be underwater by over 20% if the next trade goes off at the bid of 32
My thinking is this will trade back to $1.00 on DOJ resolution... and much higher if Tullow announce follow through on plans to drilling.
Price of oil is still the biggest negative for this one long term... no one saw that coming. I think long term it's time to get in solars but short term this could double or triple. JMHO
GLTA
Bid up to .31 looking retty awesome for those who bought the bottom.
Watching the volume on the close ..... if the selling starts up again like Thursday N Friday you will look like a genius.
But I am hoping the massive selling is done and the oversupply has been soaked up already in which case a pop back to .50 would not surprise me in the next few days.
The stock volatility this week has nothing to do with the companies story. It has all to do with the oversupply of the stock from the shift in trading venues.
On the downside, if Blackrock exit their position they could crash it into the pennies ... and they just might need the tax write offs.
Gambling money only ... but I really like the risk/reward now.
This stock is not Bankrupt, not even close. But it's getting priced as if it were Bankrupt.
What we have here is a supply surge from some holders who cannot continue to hold OTC stocks.....
Usually some sort of hedge funds step in to take on some of the risk but in this case it looks like no one is stepping up.
I expect once they are done selling, the dust will settle and someone will start looking ahead to possible endings at a much higher price that this.
Although we could be in the pennies if Blackrock are exiting their entire position.
Worth a swing here IMHO
agreed
The point was that the DOJ investigation would stop a buyout offer not drilling.
This thing is about to crash into pennyland..... still three whole weeks of tax loss selling ahead and still no bottom in oil.
If Tullow was on the fence about drilling when oil was at $100 no way they will drill when oils in the $60's
We need a plan B ... and I just don't see any options other than a long wait for oil prices to recover by which time the stock could be at 25 cents.
The DOJ investigation will be a major stumbling block to any offers on HDY. We need that resolved.
On the plus side Tullow may try and bid up the value of the concession to enhance their portfolio value and attract a higher offer.
On the downside, Guinea might just say screw you guys, hello China.
HDY just doesn't have a strong hand. Some sort of low ball take out with Guinea's blessing is probably the best exit we will get.
My pessimistic prediction is that Tullow/HDY fail to drill, Guinee take back the asset and give it to China, Ray spends the last of the cash suing Guinea and we end up trickling away to a penny stock and the lawyers get rich as we go BK.
They plan on keeping it down here until they bankrupt some shale producers .... that will take time. Also cheap oil hobbles the Russian economy ... it's in a lot of peoples interest to keep it low for an extended period. Just read all the headlines .... ain't no quick bounce going to take it back up, unless we get into a war with Iran or something. Just don't see it. The game has changed today with Opec's decision.
Well if there is one thing HDY is good at it's paying lawyers.
No one could have foreseen oil crashing like this.
I don't really see any obvious exit strategy from here, we need oil to go back up, period.
No doubt he made some mistakes but what's killing us is Oil Prices. Today's Opec decision has changed the game, and will leave us with cheap oil for the foreseeable future. Hard to see deep water drilling going ahead with oil at $70.00 ........
Yet again I have lost a whopping amount here, and I just don't see it coming back anytime soon.
Idiotic post. 100% contrarian indicator. Guaranteed up motion as morons post symbolic nothingness reflecting gaunt brain activity between ears.
Now we just need the price of Oil to increase by 20%
The DOJ to get realistic and wrap up their pissy little investigation
and Tullow to do what they agreed to do.
I think tax loss selling will be keeping a lid of this for another month or so
But I think there is a good chance will be off and running in Jan 2015 ...
GLTA
Ebola now stable in Guinea
http://www.bbc.com/news/world-africa-30160659
The Ebola outbreak is now "stable" in Guinea, where the latest crisis began, the World Health Organization says.
There were still some flare ups in the south-east, but things were improving in other prefectures, WHO co-ordinator Dr Guenael Rodier told the BBC.
More than 5,400 people have died in the latest outbreak, with Guinea, Sierra Leone and Liberia the worst hit.
The outbreak can be ended by mid-2015 if the world speeds up its response, UN Secretary General Ban Ki-moon has said.
But he warned that although the rate of new cases was slowing in parts of West Africa, Mali - where six people have died and a seventh case has been reported - was now of deep concern.
He is an arrogant ass who believes he is above having to communicate to Wall street and investors. That's fine when a business is executing but its not ok when your failing to execute. No wonder Lord Owen gave him a bang on the ear. He has no excuse. He just doesnt get it. Look at what a single Tweet from Elon Musk can do for TSLA.
Low volume sell off and now a low volume recovery along with oil and oil juniors. I dont think it means anything other than you need balls of steel to hold this stock. Looks like a lot of folks bailed, based on the lack of posts. Ebola does appear to be receding with Nigeria declaring itself Ebola free. I think 1st half of 15 will happen. If it gets back over 2 on volume i may add.
Cheer up people its only money. But the delay could actually turn out to be a good thing. If Tullow were drilling a multi well program right now we would have to get financing at these low ball prices. Who knows where we will be in 6 months. DOJ might be sorted out. Ebola under control and HDY would get much better terms. My most recent entry was at $2.93, not that long ago, so i am feeling the pain. And its annoying knowing Ray isn't going to lift a finger to support the share price. He's an arrogant ass when its comes to that sort of thing. So here we sit and wait. No other option really. It would be a mistake to sell now imho.
I sold a bunch as I need the tax loss write offs this year ..... Can you believe I bought some of this at .66
Is there news? After hours trading up ?
The investigations have no power over who Guinea does business with. If Tullow get the OK from Guinea that their agreement is good, that is all that matters to them. If I was them I would want assurances too.
Whether we get squeezed out financially compliments of the SEC and DOJ and the lawyers is another matter.....
Report is what I expected ..... cash burning while we have no drilling time frame.
Tullow is the wild card, do they want to drill or not, that is the question.
My guess as to how this will play out is that Tullow will commit to a drill date before the end of 2014, I believe we will have to off load another 12% or so of the concession to finance our share of the drilling program for 2015 and to pay our ongoing ridiculous legal fees, keeping 25% ... This should result in a decent pop in share price.
I think if the DOJ and SEC investigations get resolved we also get a nice pop and probably become a take out target.
Worst case scenario is if Tullow don't commit to a drill date and the investigations drag on indefinitely draining us of cash and we fizzle away to nothing, probably get some crappy debt financing, then we eventually go bankrupt and you all become old and bitter and spend your days posting dribble on the yahoo message board :)
I bought today .... I think we get a drill date from Tullow. I do have some confidence in our top notch BOD, they must be doing something behind the scenes ... right? ... it's not their first rodeo .... doh!
It would appear that was an attempt to gun stop loss orders under $2. Scary stuff when your holding a bunch. The rebound in price looks encouraging. I am not expecting any good news or bad news of significance in the 10q. If they had significant news we would get a PR. Its the law. That was a
Buying opp imho
Having bought the recent run up in the 2.90 area I am yet again stumped by this stock. Flimsy volume on today's drop.