Sorry you hurt yourself Badge.
Don't be faint of heart. It has been up and down before.
FEBRUARY 1997 $2.25
DECEMBER 2001 $0.04
SEPTEMBER 2007 $3.33
MARCH 2014 $0.18
DECEMBER 2018 $X.XX ???
That last one is the only one that counts. Don't be too concerned
or too anxious. The roses will bloom again and so will Petaquilla.
There are some of us buying every one of those shares that are being sold. Do you think they are buying because they expect to lose money??? They key is the average cost and of course prudent management of money got rid of those very high flyers long ago and captured the tax loss to be used to offset income in other areas. Good old Schedule D!
There certainly was a fall and a crisis, but those who are pro-active know that the crisis is past. It may take a couple of quarters to stabilize things and get back to where a PE Ratio of 5 will get us to a dollar. But, you can have confidence that the ship has been righted and fundamental value will return. Perhaps it will be just in time to take advantage of macro events. In the short term maybe we will see $0.04 again. I think the ATL is actually $0.02. But, if you have not sold, then you have not lost a dime.
On the other hand, buying now gives one a bigger piece of the pie down the road. Honestly by biggest concern is the election and Navarro's debt to the enviros and left wingers when he promised to shutdown mining and re-study everything. Arias is ahead, but not by that much.
But...Life is Good!! Easter week is next and everyone will be off to the interior for a holiday week with the extended family. Work can wait until the end of the month, or in this case until after the election May 4th. May 15th will be here very soon and we will get some definitive news...the force reduction date is coming soon too. It will probably coincide with the stupid general strike SUNTRACS is calling nation wide. Idiots want to strike, but then be paid for the time they are on strike...go figure???
I saw where some idiots are calling for insiders to break the law and buy up shares. You have just got to wonder what planet they are on with advice like that. Good Grief!! I guess friends and family could share cells...Most of the insiders I know are chaffing at the bit for an announcement so they can buy. They are not saying anything, but have big Cheshire smiles. Best information now can be obtained from corporate FQM, London.
