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I just bought a small amount of ALRY @ .028 jst to see if I could. It executed in the blink of an eye.
I'm not going to make one of those pathetic, pollianna, "thank you for the cheap shares" posts. Someone is DUMPING ALRY shares into the public Awareness Campaign! I still don't see ALRY as a pink sheet scam. However, they are doing a hell of a good job of impersonating one.
This backward Public Awareness Campaign is a complete bust. To claim otherwise is Sunshine Pumping at it's worst.
Thanks chilar. I hadn't noticed that. Go Bats, Go!!!
hillzman, to me it is illogical for anyone to dispute the logic of your last 3 posts. I don't think the fact that crude has dropped to $125 / bbl will have a lasting negative affect on ALRY. They still have a huge delta between production cost and sale price.
Jess, I hope you are back to stay. Don't let the illegimate off springs grind you down.
hillzman, Right on Bro. How can anyone disagree with a word of your post? As of now we had better hope the fall stops in the TWOs.
Chadman, day after day, you are the classiest poster on this board. I scroll past a lot of posts, but never yyour's.
"Luckily, the information by a number of posters who think Drake is a scam has been proven false time and time again---"
Proof and links please. This is a pretty powerful statement of fact you made here.
bigcoinman, does Sanford realize how futile it is to jump into the BIG CAMPAIGN with such outdated information available to those who wish to do DD on ALRY?
ANYONE that has ever invested in an O&G operator's stock knows that current production information is ALWAYS avaialble to the Company. The absence of such information waves a big RED FLAG. Many of those that check ALRY out now, won't go to the trouble of taking a second look. IMO, we may have a smaller audience when /IF Sanford decides to make a pass at tranparancy.
Question for the Board. Can anyone think of a GOOD reason for the 4 month total silence on production and well status? I can think of a couple of BAD ones.
A few weeks ago we had a spirited debate on Sunshine Pumping. Here is a classic example. "So they're not drilling, no big deal, maybe they don't want to" IMO, it's a VERY big deal to:
1. New investors we all hope get attracted to ALRY during the Awareness Campaign. New investors doing their DD will see ALRY's past PRs about drilling andd wonder what happened. Believe me. Talk about the Biblical Floods will not get much traction with a new crowd. They are looking for results, not excuses.
2. Analysts that may consider covering ALRY. Drilling new wells is an easier sell than working over dozens of 2 - 3 bbl/day stripper wells. NOTE. I'm certainly in favor of ALRY's stripper well efforts, but not at the exclusion of drilling.
3. Most current investors desperatly want to see some of those promised wells drilled. Not all of us want our money to be static for many more months.
4. I'm sure it's also a big deal to Allenergy Inc. Two 32 bbl/day wells would equal total 1st Q production. It looks to me like most of their new leases are focused on drilling for new production.
I suspect their lagging drilling program is related to them being a small player in a very busy drilling market. Larger operators always get favored treatment.
bigcoinman, You are probably one of those that is in contact with ALRY. I suggest you carefully digest stogie's last two posts and pass his message to Mr Sanford.
That PR was on the websites of Omaha's Channel 7 and Philly's Channel 10. That's the kind exposure I've been hoping for. BUT! When the people that may be attracted to ALRY start doing DD, what are they going to find? A Stop Sign on PS.com and 4 month old production figures.
Many of those attracted to check out ALRY are likly to say OH well. More pink sheet spam.
stogie, your points are well put and logical. To me, it doesn't make sense for ALRY to wait untill a well is completed before starting the Campaign. As you said, production quantities are known NOW. Work over progress is known NOW!
It has been nearly four months since we had an official hint of what production was. We were recently told that ALRY had gotten $113 / bbl for recent sales. That number is encouraging, but ALRY got that amount for HOW MANY bbls? A worst case for Pinks? I know of two pinks that claim to be "fix'n to mine gold. They regularly post the current spot price for gold. SO WHAT!!! They haven't mined an oz.
OK, I know that ALRY is producing some oil and gas. However, VERY few of us KNOW how much. They produced 5700 bbls in Q1, therefore they are producing more now. That ain't necessarily so! In the oil patch, if you aren't moving ahead, you are falling behind. O&G production is NEVER static. We have NO Official notification of what the hell is going on. In publically traded companies, investors simply should not be put in a position of judging their invetment on faith alone.
There are a few posters here that seem to have fairly regular contact with ALRY. Can any of you shed a glimmer of light on the dormant "Public Awareness Campaign"? IMO it was a big mistake to make such an announcement and then go into the quietest period since early May.
The other day I put forth a Sunshine Boy type excuse for ALRY not be kicking off the Big Campaign. I said maybe they were waiting for the Market to bottom or turn around. With crude dropping ~16% and the Market appearing to have stabilized, that excuse is looking pretty weak.
nuggetman, where are you??????
Thanks for the DD, chilar. I hope they are working on the diabetes applicatins and not just waiting for CA. lab results.
I was born into the Kansas & Oklahoma oil fields. Sorry, folks, but with 150 oil and gas wells and over 4,300 acres of leases, I'm having trouble buying into the idea that ALRY has been nearly shut down for MONTHS because of rain.
Dane, the other day you had little, on topic, post deeted. I didn't see why it was removed.
Does your "Why?" post mean you re now walking softly and carring a small stick? LOL.
IMO, I-H Delee Police are a bit over zealous.
Where have you been? The naysayers have been here all along and they've been right.
investorguy, There are examples of what I think sets DKGR / Clayton apart from many failed or failing pink sheet companies.
They are examples of dishonest or disengenous claims by DKGR.
Here are three:
1. Drake claimed that they could start mining and producing gold before they had permits, but couldn't sell it until after they had permits. That was a blatanly false clim. I talked to the manager of the Georgia SMU and she had never heard of such a thing. IMO the claim was designed to stimulate buying inadvance of the time consuming permitting process.
2. The Dove Deal. On Feb 4 Drake PRd that Dove was moving ahead with packing the equimeent for shippment "as soon as possible." It was ludicrous to think that Dove would ship $300K worth of no advance payment equipment to a site that hadn't even been bulk sampled. Incidentally, IMO, it still hasn't been. Doing an Easter Egg Hunt type rock pick up is not bulk sampling. BTW. Where is the Georgia Reserve Report?
3. Arizona. Chapter 2. The PR for Arizona Chapter 2 said
-- Argeement for our first FULLY permitted PRODUCING project. It is not fully permitted and is not producing.
NO, bulk sampling is not Producing.
Investors shouldn't need to parce every word put out by a company. Released informtion should be clearly stated. Does anyone disagree?
film, the governing authority for all srface pit mining in Georgia is the Georgia Surface Mining Unit. If you read the Mining Permit application you will see it is generic for all surface mining, which includes placer mining and sand and gravel pits.
When a Pink's projects never come to any thing and they keep going from project to project with the same lack of results, you finally get into a "If It Walks Like a Duck" situation.
I am NOT saying Drake has done this, but a pink investor shouldn't take too much comfort just because the official O/S has not increased. Officers in , shall we say, shady companies have been known to sell phantom electronc shares. Recent very low volume does not indicate Drake is doing this.
BTW. Twice I've been told by pink officers, words to the effect of Hey man, this is a pink sheet. You should have known better". You are saying "For God's sakes, this is a pink sheet"!
I believe this is the second time you've made similar remarks on this board.
I was the facilities Construction Manager on the Alumbrera Copper / Gold mine in Argentina. A Billion dollar + project. And I've been involved with the permitting and operation of several on site sand and gravel plants.
The mechanics of permitting and operating sand and gravel plants aren't much different from placer mining.
paid, I went through one of those. That's why I despise pink sheet scam artists. To me they are one of the most vile types of non-violent criminals. I despise them so because they know there is such a small chance of them ever being brought to justice. Cowards!
I'm here to do what little I can to expose this particular group of them.
My recollection of the Stop Sign issue is : ALRY filed 2007 financials with PS.com. The Stop Sign came off. PS.comm requires that financials be no older than 6 months. On July 1 2007 financials became out dated. Hence the Stop Sign went back up.
I don't ever remember anyone saying that Sanford had said the Stop Sign was removed for a second time. Does anyone?
chilar, thanks for the update. I don't regularly monitor this board due to low activity. In the future please post here as a reply to one of my posts. That way it shows up in my IH Mailbox and I'll know to look it up. I'll do the same.
For now this is almost our private Bboard. Hopefully that will chnge SOON!!!!!
" if they have the leases
and prices keep going up, I think somehow they will
stumble into it."
You have to assume those leases actully have intrinsic commercial value. Not just a couple of pieces of land for pump campaigns.
We don't know just what Sanford's strategery or his time table is on the public awareness campaign. Maybe he's waiting for the Market to bottom or turn around.
However, IMO, the longer he waits to kick it off, credibility problems will begin to creep in. It's oly been a week since the announcement, but let's hope he's not back into an over promise, under deliver mode.
Q 2 production numbers are avaialble NOW. Those are always current. Storage tanks are gaged regularly and produced gas is recorded as it leaves the location.
gregg, I agree that pink scam CEOs are VERY adept at developing sycophants. They whisper things they can't officailly announce with the expectation it will work its' way to Mesage Boards.
All stock scam artists were scamming virgins in the beginning, but most have a history that's not hard to discover. I've only been following ALRY for about 5 months, but I've never seen any evidence that Sanford has a scamming track record. I doubt he is a scammer. I don't consider nuggetman to be a CEO sycophant. He lives in Independence and is know by many people here. He doesn't fit the sycophant template.
"What effect will surges have on sustained growth. When production and subsequent EPS "
Not a lot, unless one is a swing trader. Whether you like swing traders or not, they are a part of the dynamics of investing and a stock with sudden peaks attracts a lot of attention. IMO, swing trading doesn't hurt a fundamentallly sound stock.
lj, hard to believe that I'm advising you to be a little more positive about the "public awareness" PR. I agree that current production and financials are essential to ALRY's growth, but IMO, that news will be far more effective as a part of a well run awareness ampaign.
We all have examples of miracle runs. A friend of mine asked me to look at a pinky that was pumping a company that had acquired the rights to re-work 3 wells, in a field that was discovered in 1912 in Caddo County, LA. They had ZERO production. But they had a BIG PR campaign in place. The company CEO was a Nigerian and the CFO an Indian. It screamed of SCAM, yet it ran from a few pennies to over a dollar in less than a week. Of course the DUMP kicked in and it dropped like a rock.
I hope the new IR firm handles future news releases. This is how I see it.
1. Production. Current production is available now
2. Financials. We have no idea of the status of current financials. Hopefully Sanford is having them worked on.
3. Operations Reports. At least once a month. Should include drilling results, number of existing wells that were worked over and the results. RHWS activities.
4. Misc PRs. Lease information, CBM news, NG news, etc.
Assignment #1 for the new IR guys. Get ALRY mentioned in RigZone.
With the right kind of exposure the PPS could have surges well beyond the math results from calculating the EPS.
All IMO.
Tekonah, You are right. There have been 5 tiny up ticks in DKGR since I've been watching them, in February. Each of them was on the kind of news that would have propelled a real stock to new levels. But with Drake they caused VERY short lived blips. The big Feb 4 run on Dove equipment lasted for hours. It ran from ~.0005 to .0006 and closed at .0005. Any swing trader that caught that run was inded nimble. I still call a fall from .006 to .0015 a plummet. Would you agree?
In your case, you've been a tireless supporter of Drake and their amazing news releases. Now, are you saying you were swing trading on those pitiful little runs? Could a person engaged in such activities be called a Pump & Dumper?
BTW. As a mature adult, I avoid juvenile terms like "dude".
Even if ALRY production hasn't increased by a single barrel since the Q1 report, check this out.
Q1 5700 bbls x $84 / bbl = $479,000
Q2 5700 bbls x $113 /bbl = $644,000
That's a 35% increase in revs, Q over Q, without adding a barrel to production.
chilar, I called the PYTO lady today. Didn't learn much, but at least they are still answering the phone.. I asked when we could expect more news. She said the last PR (April 14) announced that some clinical trials had been sent in for approval. Thay haven't heard back from that.
I sked how long that could be. She was non-comittal. I asked if it would be closer to one month or 6 months. She said it "shouldn't be much longer".
FWIW
FWIW.. I put in an order for 50K @ .037. 12,500 tranacted almost immediately.
ctb, I generally welcome skeptical or even suspected professional bashers. If there is something bad about a company, I want to know about it, and they usually find it.
I don't see arnold as a worthwhile speptic. His redundency is rediculous. He made 14 one note posts yesterday.
He just joined my very short iggy list.
By OLWALRUS. "I did not believe in paid bashers but now I do."
Me too OLW! I'm not one of those that thinks anyone that hints that ALRY's dropping don't have an odor, but I'm convinced jnaturale is a paid basher. I did a little checking into his posting history. The last time he passed through was the day we learned that the TA had been ungagged. He made 15 posts in the next 2 days beating up ALRY.
He returns today on the teriffic news of today's PR. Now, what is it about good news that get his anti ALRY juices flowing. IMO, his masters will do whatever they can to beat ALRY down, as long as they can.
There is lots I don't know about market machinations but today's action was not retail investors at work. There is no way anyone that has held ALRY stock would be selling @.035. and lower. Today's PR was the kind of commitment we have all been witing for. I heard that MM buy and sell phantom electronic shares to achieve what ever in hell their goals are.
IMO, something like that was in action today. TOO DAMN BAD!!!
"Some of us actually like it so we can play the swings"
Swings??? What swings? DKGR has been a plummet! There are no winners here. Least of all longs.
Another topic. Argo talks about DD and calling IR in virtually every post. Caling IR and reading the blog are NOT DD, with a sad company like Drake.
DD would be calling Harbin and asking if there has been any progress on permitting. Call the GA Surface Mining Unit and asking about news on Drake permitting. Call the Geologist at the Kingman BLM office and saking him if there is any activity at the Eagle/ Drake claims. Call Eagle's Joe Bennet and asking him about progress. His number is in the Bulk Sampling Permit. No, a Bulk Sampling Permit is NOT the same as a mining permit.
Argonath, I've answered your question a number of times and my answers usually get removed.
I don't own a share of DKGR and don't expect to ever own any, again. When I started reading this board in January, I was suprised at claims DKGR was making and the way some longs supprted some of the rediculous claims Drake was making.
I have a strong background in construction, excavating, permitting and some experience in mining. I decided to start posting here as a counter to what Drake and some longs were saying.
I first encountered floridaflyersfan in 2005. He was hammering the pink I was supporting. He was very right and I was VERY wrong. Sketical posters can be a service to investors...
gdave, I agrre with you on the purpose of a Board. I allways check on the Boards of any company I plan to invest in. You can read a few dozen posts and get a feel for the pluses and minuses of a stock. It helps in making a decision. To wothhold info so skeptics can't comment on it is silly. IMO.
I've been hoping that Sanford's silence on operations and production was because he was saving it for a media blitz. If nebulous information that was put out in January and February has come to pass, he could have some ammo for a hellofa blitz!
blackoak. The Washington quote put me in mind of one of my favorite quotes. I was assigned to the Hanford Nuclear Works in the mid 1990s. As a Cconstruction man, I was disgusted by all the bureaucratic delays built into every thing that was done. I ran across a quote by General Leslie Groves, the man ain charge of all Manhatten Project construction. He was getting nowhere due to fighting bureaucratic He developed a Project Motto. "If we wait untill we have The Perfect Plan, we will never get this thing built." It was posted at all the project sites and was the header on his personal stationary.
The Manhatten Project was one of history's most sucessful construction projects.
I'm not comparig Washigton's and Groves' quotes. I agree that Washington's quote better applies to ALRY's situation .
While Googling Allenergy I ran across this. Don't know if it's connected with ALRY.
Allenergy Operating Inc.
5900 Mosteller Drive
Oklahoma City, OK.
nuggetrmn, I'm surprised this comment of your's didn't ellicit some discussion.
"When or If, (your choice) production hits 10,000 barrels per month at $100 oil, that is a million dollars a month in revenue and I do not think PPS will remain at todays level.
That is not even doubling present production. "
As I recall, the last publically stated monthly production was ~ 1900 bopm for Q1 2008.. Were you hinting at something?
Another subject. The ifo Frank posted is way out of date. It list 4 o5 wells as spudded that were reported as drilled in the Feb 28 PR. Does anyone know how often KS requires operators to update? TIA.
PB, you of all people talk about jibberish???? ROTFLMA!! eom
gb55, an impressive piece of work TY. eom.