InvestorsHub Logo
Followers 6
Posts 1323
Boards Moderated 0
Alias Born 04/10/2007

Re: Peter_Griffin post# 34368

Tuesday, 04/29/2008 1:10:24 PM

Tuesday, April 29, 2008 1:10:24 PM

Post# of 51429
You could be right, but I believe it is too soon for the optimal buyout. Big Mur touched on this a few weeks ago, and I agree, but now we are in the "proving up reserves" phase and building company value. That will give the company and shareholders the most for our dollar.

In the meantime, we should get the shareprice over $1 to fair market value. I could be wrong, but I think the buyout will be more in the 2009 range. I know we all want the buyout now for quick $$$, but even getting to FMV will provide tremendous returns from these ridiculously low levels.

The reserve report could indeed be to show potential buyers value, but could also be to get the pps up to where it should be, until a buyout offer is accepted.

Not pumping, just my opinion based on my DD, DD of others on the board, and my communications with the company.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.