Can't help but agree, but the point I was driving at was the fact that things often seem darkest before the dawn so to speak (or in this case the initiation of drilling) and I think everyone understands the share price is in the cellar now. When we talk of theoretical valuations further into the future much of this is nothing more than thinking out loud with various "what if" scenarios. The banter back and forth seemed to be aimed at tempering expectations if/when things begin to turn. I do agree that it is important to have a realistic view of this company, it's prospects and present valuation as well as potential future valuations should commercial oil be announced. As many others have said, markets can be temperamental as they are often driven by emotion, yet there are factors such as comparable valuations of other firms with like assets and cash flows that must be considered. It takes all kinds to make a market, some might sell a stock because they feel it is not worth keeping whereas someone else might see value and willing pay up with the expectation that there is something about the company that will unlock value and make it rise and worth the risk. The only thing I would say is that those who set the expectations bar too high will likely be disappointed, but given that the bar is set so low today it's really hard to say who is going to be right and who is going to be wrong when the well is completed. In any event, let's all hope the drill bit starts turning soon and GTLA!
