Sorry to but in. Here is my take.
1) Projects get delayed. It happens. But now it is connected.
2) It think citoyen is spot on. This is a long term play. These assets have very long term agreements. You really have to look out a lot longer than one year to see the value here. Let's say that it takes three years or even five years to get real value out of the assets. Well, then you have a twelve or ten year run from there on with great returns coming to the company.
Sure they have made some mistakes over the years. But the bottom line is that these guys are scrappers. They have taken their lumps. I mean, just look at the filings. These guys are not getting rich off of what they get paid. And management hardly owns any equity. They got diluted out with the bad financings they did. But they keep at it. I give them credit for this. I have talked to the CEO at a conference before and I find him to maybe be a little overly optimistic, but totally committed to getting things done.
Yep I would like to see more news, but on the other hand, I don't want to be fed crap. Maybe these guys can do a conference call? Would be nice to hear from the horses mouth, what there thoughts are. Not just a report on when this is going to happen and when that is going to happen. But a real discussion on the direction and vision of the company. What are these guys trying to build?
I think these guys just need to get these projects up and going. Get bumped up to an exchange and bring in some real money. This way they are not taking all of this crap micro-cap financings that only help the guys putting up the money.
I don't know about you guys, but I am not waiting for some silver bullet new report so I can dump the shares. I mean, if you look at the trading patters that we currently have, we could kill the stock. Too thinly traded. Even if I had a lot of shares, it is still not going to make me a huge sum. If I had a million shares. (And I don't) and the stocked doubled form here, i would have a hard time justifying a sale at this point. I mean, that would only give the company something like a $40mill valuation. I am thinking that this can be a much larger deal. Maybe I am the one being optimistic? We need to get theses guys some new buyers and the only real way I see that happening is if they get to an exchange. I the mean time I am a buyer.
Here is what I see.
Long term, stable assets.
Really dedicated management that has been thought the ringer.
Right space at the right time.
Not a pump and dump
Needs to get a nice pool of capital.
