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I added today based on the volume... I am usually wrong about this stock but I reckon that increases the odds of eventually getting it right ... even a blind squirrel finds the occasional acorn ..... We gotta get that drilling schedule sometime ... I think we see it before the end of September.
Definitely some nice momentum building
however I think we are in the hands of traders at the minute and we will be smacked around, both up and down, until we get a definite drilling timetable ....
Then we will be smacked around even more.
I have sorta given up watching the gyrations of price here ... just holding for news at the minute ....
Price of oil in our favor currently ... great time to get an update
And once the stock takes a nice jump on drilling timeline news, I would love to see us farm out another 12% of the concession .. leaving us with 25% and a pile of cash for additional wells
GLTA
Hi Value1008
Amy is showing signs of life are you holding any hope for a comeback on that one.
Probably more likely to make a comeback that Jada IMHO
Too late for me to protect myself from this disaster. We are at 16 cents pre split .... My average is about $2.00 I think, and my options are beyond toast. And I still don't know WTF has happened. Damn annoying.
I'm still slightly hopeful that whatever the issue is will be resolved to Tullow's satisfaction and we see one Epic rebound. But unfortunately I feel the most likely outcome is that we fizzle away to nothing and we end up suing Guinea and Tullow and in serveral years a tiny payout will be made with what is left after the layers have had their fill.
Ray bought options at .49 so he is in the hole on those ... I find that somewhat satisfying.
I wouldn't be a buyer here but a swift entry after news that Tullow are lifting the FM might be the way to play it... even if it popped 50% on that PR we would still be only at $2.00 but hopefully on it's way back to $5 in a hurry.
However, Most likely if good news comes out such as that, we will be the last to hear it .... We will see volume and price up for no reason and by the time we get the news it will already be much higher .....
It's a rigged game we have signed up for no doubt about it.
I like it at 1.60 as that can easily be divided by 8.
What a bloody mess!
We still don't know WTF Tullow's beef is.
This is just ridiculous.
Thanks Rule, I appreciate your attention to details.
I think you are correct on the timing and that we may hear something this week. My big fear is that the DOJ is facilitating them pulling the contract from HDY. Tullow saw something they don't like, we still don't know what.
Is anyone following the AGR court case, timeline ?
looks bad imho
Manganese and the Ukraine Crisis
http://seekingalpha.com/article/2148753-ukraine-crisis-part-1-opportunities
Ukraine is the world's eighth largest manganese producer. It is responsible for roughly 8% of global supply. American Manganese Inc. (OTCPK:AMYZF) could be a great winner in case Ukrainian manganese output is disrupted. This is only something to look at and consider if one feels adventurous and wants to invest in a penny stock. BHP Billiton (BHP) is a safer, more conventional bet. It is not a pure manganese play by any means, but it did produce 8.5 million tones of ore in last fiscal year (link). I should note here that a company like BHP can also benefit from the Ukraine crisis due to a possible drop in iron ore production, as well as coal mines that might be disrupted in the East of Ukraine, given that it is involved in mining these minerals as well.
Another interesting PR .... Are we about to be born again
http://finance.yahoo.com/news/american-manganese-inc-acquires-silica-110000842.html
I have a heap of this still ..... there is always hope ....
The Death rattle or one magnificent entry point?
Market cap of about 30 Mil currently now.
Gotta believe Blackrock did some Due Diligence before they invested so I believe the contract with Guinea is solid enough.
This is not dead yet IMHO although it's getting priced that way.
Price action is not good however
Can we sue the DOJ to get them moving a bit faster.?
Until we see a lawsuit being file against Tullow, I would tend to think there is hope of a resolution, which would probably double the share price instantly. We have a 40 mil market cap currently and we own 37% of the concession.
Hope springs eternal .... and I am due a break on this stock!
Could be a whole new game starting here... there was decent volume of the Canada ticker last week ... if we get some follow through this week I just might start getting excited about this stock again.
Why do you think they are done, it's not like they have a bunch of Debt ....
Guinea has been silent
Tullow has not been forthcoming with much info either.
Who know's what is going on behind the scenes.
We probably have a really good case against Tullow and since we havn't sued them yet I would deduce there is hope for some agreement.
We could get an "all is rosey again" PR anytime , that is in Guinea's and HDY's interest ....
If tullow just want out for whatever reason .... HDY would still have a pulse as long as Guinea are still on board with us. THere is absolutely no information in the Guinea press or elsewhere that they have an issue with HDY.
could be time to add ;)
Would a partnership with TSLA be too much to ask for?
Back to .05 cents ... not too shabby for those who added at .02
I just need another 1000% or so to break even
Rediculous state of affairs .. and now the Auditors ... talk about kicking us while we are down.
Hard to know what to make of todays 12% gain on decent volume,probably just traders having fun.
No way I will add again unless and until I hear Tullow are back on board and happy to be doing business with us again. And the chances of that are not great .... but there is a chance. Hope springs eternal ... by far the biggest loser I have had in my entire life .... Greedy was I ... seeing $$$$$ instead of weighing the risks.
It's in Guinea's interest to drill as soon a they can, A squabble wiht hdy over the validity of the contract will set them back years. I am sure there are factions in Guinea that would like to award the contract elsewhere but there would be forces wanting it to stay with HDY also. In the end common sense should prevail and the quickest route to drilling will involve HDY. So based on that logic I think it's more likely Guinea come out in support of HDY, and thus a Gap up is a lot more likely than a gap down.
I havn't sold. But I am thinking about it. I am also thinking about adding. From here it really could go either way! Today's 8K seems to be pointing the finger at Tullow and not at any new problems in Guinea! Sue the Brits for 100Mil, and partner with the Chinese!
Best case scenario would be Guinea gives Tullow the all clear in writing that the HDY contract is good and drilling gets back on track.
Worst case they take the concession away.
The biggest loser next to HDY shareholders will be Guinea if they take it away. Who is going to spend 100 million to drill a well in a country that just screwed over their last partner.
Force Majeure Definition
Force Majeure
A “force majeure” clause (French for “superior force”) is a contract provision that allows a party to suspend or terminate the performance of its obligations when certain circumstances beyond their control arise, making performance inadvisable, commercially impracticable, illegal, or impossible. The provision may state that the contract is temporarily suspended, or that it is terminated if the event of force majeure continues for a prescribed period of time.
The list of events to be included is a matter of negotiation between the parties. A typical list of force majeure events might include war, riots, fire, flood, hurricane, typhoon, earthquake, lightning, explosion, strikes, lockouts, slowdowns, prolonged shortage of energy supplies, and acts of state or governmental action prohibiting or impeding any party from performing its respective obligations under the contract. So if, for example, a hurricane occurred that shut down a port, the seller planning to ship its goods through that port would not be liable for late delivery of the goods.
In the absence of a force majeure clause, parties to a contract are left to the mercy of the narrow common law contract doctrines of “impracticability” and “frustration of purpose,” which rarely result in excuse of performance.
That is what is so annoying, we have been thrown under a bus and we don't know why. Tullow looks like the bad guy but who knows what's behind it.
I take some solace from the fact that we did not get an afterhours PR with bad news today. But overall I am just disgusted by this.
Is it too much to ask to be told what the problem is?
Someday soon for no apparent reason it will be as if someone blew a whistle,epic volume will suddenly hit the tape and the stock will double in the space of a few days. That is my hope. I think there is a reasonable chance this will happen in April or May.
Whoever was buying last month has clearly taken their foot off the gas... volume is very light. When it picks up again, with the current share structure, I believe we will be at $10 in a heartbeat.
It may not happen ... but if it does I think the best hedging strategy is to sell some shares and buy September Calls.
And you should factor in that if they hit a duster we will be back to penny stock status overnight
Exciting stuff ... all going to play out in the next few months ... I see no better upside potential in the entire market.
GLTA
I had a dream it spiked to $127.00 I tried to sell but my computer froze so I couldn't. Even in the dream world I am jinxed.
"taking on water" .... hhhhmmmmm ....I would say the ship has capsized , sunk to the ocean floor and broken into pieces .... I am still sitting on a bunch of these and have all but given up hope on any sort of comeback.... keeping them for tax planning purposes!
It's going to run like it did last time .... just look at the long term chart ... Same players, same play. Less % of concession but higher probability of success given the competence of Tullow and the enhanced information now at hand ..... some of you newbies will be shocked at how this moves over the coming months.... No one knows how high it will run so pick your exit price and be happy. Options a good way of mitigating the risk if you hold through the well results...
I will go out on a limb here and say we take out $8.00 prior to Feb 12th Tullow update. That would be a buck pre split ... nothing remotely Epic about a buck ... get real folks it's cheap cheap cheap! My exit for a half position will not be based on price it will be based on timing ... after the drill turns before we get any results ..... GLTA
$20.00 works for me as the drill bit hits the floor... look at the 5 year chart....
$20.00 works for me as the drill bit hits the floor... look at the 5 year chart....
Ray had previously said 1st half so no surprises with the Q2
But we still don't have a month .. will it be April or June?
Stock has turned green ... that's a great sign .... I think we are poised to take out $5.00
$5.00 = 0.63 cents pre split
Kinda puts it in perspective
But a good start ....
$5.00 is within range, I think all the fun starts once we get above it. We saw this stock do a 70 cent gain in a day not too long ago ... I think we will be seeing much more of that sort of thing throughout Q1..... Good times are about to begin.
Technicals are tricky as they can be set up to flash false buy or sell signals on thinly traded stocks by trading desks with a little bit of muscle. In this case a $10K order moving the stock significantly. However I don't believe you should ignore them.
This stock is consolidating nicely above $4.00 and will probably be doing the same above $5.oo shortly. Historically MACD, RSI, 50 & 200 day MA's do tell a story here, not always pretty but starting to move in our favor now.
Good times ahead!
Not much volume today
I was hoping to see a bit more enthusiasm to kick off the new year. But a green day when oil and the markets are deep in the red is nothing to be scoffed at.
I really believe we are going to see some epic moves here shortly.
Hello Amy ... I am expecting epic stuff from you in 2014!
I still have Jan 14 presplit $1.00 calls .... that now carry a strike price of $8.19. I Havn't given up on those yet Although admittedly they are a long shot. But I really feel this can run to $10 in a heartbeat, which is only $1.25 pre split. Not exactly epic.
With now just 20 mil in the float this is going to trade way differently than on previous runs.... I think we will see a $1.00 gain in a day, possibly as early as next week if the buying pressure keeps up. Expect more wild volatility.
About time this started to run
GLTA
75 Mil Market Cap
That could double in the space of a week, ridiculously cheap at current levels but it does look like the tide is finally turning.
Better times ahead
Happy Christmas to you all
This stock will have an epic rally in January .... it is inevitable! We are at the .40 cent pre split level. This is a totally ridiculous valuation with a drilling about to commence supposedly before April. I think longs are losing sight of the potential here having been beaten to a pulp over the last year. Better times ahead. I can feel it. boat is loaded.
Looking at the past one might expect it to just give up the gains on low volume over the next few days.
However knowing Tullow will be drilling by April I do believe it is time for our run up to begin.
If we see follow through buying tomorrow I will be tempted to go from "All in" to "Absolutely All in"
Low float and high short interest ... could be Epic!
Almost November and no momentum yet
Could it be about to explode?