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Re: moneym8ker post# 7109

Wednesday, 03/19/2014 10:06:56 AM

Wednesday, March 19, 2014 10:06:56 AM

Post# of 7280
You might be right... but I just can't decide. I mean even if the Luca deal falls through, High Plains still has a total of 1,290 fee wells, and 99 state wells, 270 federal wells, 31 Class V wells.

Those are the numbers even without Luca. Despite of the negative feelings towards current management (trust me, I totally share your sentiment) I think it still holds a lot of promise, and it seems like their technology is working. I think if they manage to get the financing, this is really going to take off. It would have made sense to sell at the $0.025 levels and reinvest now, but hindsight is 20/20 in my case. So I've decided to hold. There's approximately 6 weeks left for the courts to approve or reject the deal and in the mean time I'm pretty sure the pps is just gonna keep falling. It's still up huge from the previous levels so maybe worth the wait?
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