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Holloman sold their interest, not ours. As of now, I assume the only thing that changed is majority ownership at this point. That said, they sold their shares for nothing so that sucks in potential value. Hell I invested more than they sold it for… What I don't know is what comes next. Maybe after the 31st date we'll hear something.
It's now been 3 weeks. Does anyone know what is going on here?
It's been a week. Does anyone know what this all means for us?
I've been in this since STBR. Maybe 8 years +/-. I do think part of the issue is these guys run too many companies trying to do too big of things. And I happened to have invested in some of those as well...
The question is patience Randy. There was sooo much to happen over a year ago. I'm holding on, but it would be good if someone could give sage advice in here like TChauncy in the HENC forum who is now quiet... I've seen you do it some Randy (thank you), and I'm not seeking a pumper. Just trying to make sense of what is going on or not.
I realize this is people just dumping to get out that either need to or are just done. But there is just no support in the stock. There needs to be some update. This is crazy.
I agree some Tchauncy sage comments would be helpful. I have had this stock for about 7 years I believe. Doubled shares over the past 1.5 years as it seemed too inexpensive relatively. Where do you go to get real information? The Terra Nova news perked me up, thought they were getting financing, but guess they were selling. Anyway, not looking for someone to tell me to get out if I can or a pumper. Just interested in information or real thoughts.
Long way of saying I agree with Gump...
Thanks!
Any insight on the securities statement out today? Was this a purchase of another property?
AMEN!
Hey Fingolf - Not saying you're wrong, but it said "The proceeds of the financing will be used to satisfy TNR’s joint venture costs for work programs on PEL 112 and 444". Is "work programs on the PELs" really code for admin costs?
The reality is I've been so long in this, I've never heard one accurate piece of info anyway.
If I read it right a 1 to 10 stock transfer versus a 3.5X the Claren stock price for the external investment I think suggests Claren spun it off to avoid dilution and feels that there is more risk on the pels than they wanted to take. But since they raised money it may suggest that they are going to do something with them. I think the later is good for HENC even if Claren wants to remove risk. I've continued to buy to average down to lower my cost to remove risk. Sounds positive.
Did I miss something?
And we have the first trade on the TSX! 100 shares is better than 0... I hear you on being long, I've been long in both stocks for so long I cannot remember what year I bought them... Maybe FTMR can buy HENC and call it a day...
Interesting no volume on the TSX yet. Hope that's not a sign...
That makes sense. Thank you.
So what happens tomorrow? How is price set or is it the same? Is it in CAD? Are the same shares traded on both exchanges or is the firm selling more shares tomorrow? How does this directly or indirectly impact the shares I have currently? Appreciate any insight...
Based upon the "conditional" statement, are we effectively in a 90 day count down before listing? Assuming everything gets completed timely...
It was suggested a performance issue... Didn't add to the value to the stock, out of the country/not engaged for a period of time, not helpful with some financing, etc. Honestly, that's probably the one stock of his I'm not in so I'm indifferent there. What I do care about is FTMR getting across the finish line on the stock exchange. I'm tired of hearing the issues and just want it done like everyone else. The article re-opened my concern about leadership being spread too thin as they are running multiple companies and that is why I thought it was relevant. Don't get me wrong, it came back from the ashes for me... But it still has a ways to go to hit how it was sold to me. Just wanting to see the momentum again!
The MGX article is relevant. What was stated in the article as expectations of our CEO in another role/company is also what I have been told as to our expectations. I had also expressed concern privately as to the amount of different companies FTMR leadership is involved in... Of which I am invested in three and all three have material delays from the expectations set. I get your point on including other stocks in this forum, but if we are talking about our CEO's performance at another company... Not jumping on a negative bandwagon here regarding Marc, just not looking for a pattern and found the article relevant.
I was looking through some old information on STBR and realized Holloman Corporation was their largest shareholder at the time (~30%). Since Holloman isn't doing anything with its property (HENC), maybe FTMR should take a look at... I know a lot of us are well invested in both!
I was optimistic until I realized the report is 9 months old. Maybe with oil on the rise and if the stars align a bit more, we'll see the end of this rainbow... I keep averaging down, but with no management information it has become just a 5+ year bet...
@Hamilcar - Claren saying "Significant time remaining on licenses which preserves optionality with very little maintenance capital." doesn't provide a lot of encouragement about anything happening soon. Can't Holloman do something without Claren being involved? I've been in this for 5 or 6 years now and recently started buying again to drop my average cost. I've waited this long but letting the website go is giving me pause...
Does anyone at Holloman answer questions?
I believe they have until June to drill their next well. I was in the bulk of the buy today albeit not big $$. Just averaging down a bit... Chump change compared to what I put in at the high... Like us all!
Aren't we all? At least, FTMR... Just waiting, and buying...
This updated report out today is about a property acquired in April. Is this newly announced or does everyone already new about it? Just seeing if this is new or old news...
This is the calm before the storm…
No this site. Recent HEC news...
It's on the site. Company news. Most recent post. A few days ago...
HENC stated 3D to be complete 11/8. On 12/2, Terra Nova stated 3D interpretation has begun. Are we 3 weeks into interpretation? How long does interpretation take? I assume roads need to be built & Rigs moved. A couple of weeks to drill... Are we now talking February spud? Seems like a long time since the Wolfman…