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Re: REAZO post# 34884

Wednesday, 05/07/2008 11:15:29 PM

Wednesday, May 07, 2008 11:15:29 PM

Post# of 51429
Reazo I think that your statement about the larger companies being committed cannot be stated in strong enough terms.
It is similar to DDing a stock and averaging down because one is committed and knows how good it should be when the day is done.
These companies did not come in blindly, they did their DD. If the last of their leases provide the least profit, they will still do ok.
As far as the hemi leases, which are at least a burr under their saddles, they will find themselves committed there as well, IMO.
At least with the hemi leases they will have an option of buying the entire company and mitigating the cost, which I am sure Keith will make high.
It seems he was several steps ahead all the time.
Keith has been referred to as being a poker player.
He may be slow playing the big boys, knowing he has a winning hand. GLTA
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