Spellbound,
I remain cautiously optimistic about West Hawk.
As I indicated in prior posts, there is an immediate demand for its products, and the demand will increase tremendously with Peak Oil. This is definitely my Peak Oil play, at this point. And it's still a penny stock.
The private placement announcement immediately diluted the price of the stock, but it has rebounded somewhat. But in the end, I'd rather have the dilution to propel the company into a revenue producer. Otherwise, the stock price would die.
Also, the coal reserves are vast for a company of this size. I do believe that they will someday become a target for joint ventures, as the price of oil increases.
Governments must push for clean coal technology. This could be part of a worldwide effort to meet Peak Oil head on, imo.
Further, the Federal Government should begin investigating different ways to wean General Motors and Ford off of car production and into producing alternative energy products, such as windmills, solar panels, etc. etc., again in my opinion.
Stay tuned, a lot will be happening over the next few years.
I just hope that it is positive.
sumisu
