I understand xtrapink's post and valuation and not that I disagree with it at all however it isn't off of hard numbers since we(the market) don't know how many leases/acres they have in hand for certain and how much oil is actually in the ground on any of the leases. Other than the one report which is probably a good reason there is support at these levels and we aren't back sub 10 cents. Also, it is unfortunate that xtrapink's post doesn't get 100% market penetration to sway all to his valuation and point of view.
I agree with the undervalued statements since I believe as the other longs on this board do that there is much potential to hemi. However we all know that until the hard numbers come out or until Keith starts revealing details as to why the higher pps is justified, we remain frustrated with the pps. Once it comes out that all 40 sq miles are secured and there is however many millions of barrels of proven reserves under the 40 miles and that Wilshire has committed however many millions is their deal, we will be very happy.
"Management and groups assisting Hemi are addressing issues involving the artificial low market cap. Management knows that the total value of the oil and gas reserves in Kansas, BOE values on leases in four other states, an extensive library of geological information, and management experience, confirms that the undervalued stock market price is irrational considering all the values and fundamentals above."
The market doesn't know the value of the oil and gas reserves in Kansas. or in the 4 other states or even how much land or leases there are in these other states. The market doesn't know how valuable the extensive library of geological information is.
They are addressing the issues and hopefully the pps can act accordingly soon. That's why we are all here right?
