As per my original post, I believe the insurance settlement is the single biggest event in Hemi's near term future. Bigger than even the Collins well short term IMO.
If the settlement is indeed in excess of the $1 million amount, this is huge, almost the present market cap of the company. What would they do with that much cash??? Buy back some stock, install the NG infrastructure, drill some offset wells on Collins??? The end results could be extremely bullish for the SP.
If there is no settlement, or the insurance story was a "carrot" that never materializes, then the credibility of KAA and Hemi is shot and we investors are doomed.
It's been well over a year now since the floods, what is the timeline for the insurance settlement in typical scenario's? I resent my unanswered August email to Hemi about the insurance claim again today to see if I get a reply this time. I will post the reply here if Keith gives me the approval to do so.
