ERHC Energy Inc (ERHE)

[nordicroots]

Doc - be careful what you wish for (ref: CEPSA interest)! I was in a small stake in a little company called Duluth Metals (DM.TO or DULMF) and they seemed to have the world by the tail too with a very prolific deposit up on the MN iron range. They had recently been tied in with a credible mining partner with sufficient capital to finance the project. Not long before they permanently stopped trading the South American partner gobbled them up. And to add insult to injury the long term shareholders were diluted out of most of their shareholder equity due to the issuance of convertible debentures. The long timers wished for nothing more than the opportunity to take the ride back up after taking a gut wrenching elevator ride straight to the basement. So long story short, not all these stories have a happy ending for the original investors. Of course this is why folks like you and Krom have been advocating the dollar cost averaging as some sort of dilution insurance.