Alright Oilsands Quest it is JUST a matter of time
BY ARGEN:
On the other hand we have to be clear regarding BQI master plan.
They are on schedule trying to define the extraction method the bitumen is gonna be out of the ground.
We have to wait until that point.
When we get there a jv or buyout will take place.
(Maybe imo a pre-arrangement is signed) that is why the new members of the board, people from Suncor and Shell.
All this guys have excellent track record and it is not logical to assume they accept to be a part of a board of directors of a future "broken company".
They surely know it is gonna be ok.
They don´t need the money, they want the glory that´s why they are on the board.
So nothing new yesterday and that is not a bad news.
We are on schedule.
CH is on the board with 20MM shares, institutions are there with bunch of shares, we have no debt. so it is a matter of time.
I bet the institutions have been aware of this move (CH former CEO),
and they approved it with the board.
They are holding the shares.
You can see the weak volume the last 10 days.
I imagine the new members are connected with a closer JV or buyout.
As soon as they see the extraction method is viable, they will go.
Also what do you expect the company to announce:
that they are near to close a jv or a buyout?
That they have the extraction method defined?
We are gonna notice that when it is done, not before.
As far as I am concerned nothing change in the fundamentals.
The institutions are also there, CH is on the board, I like the management team and board members background.
I keep on holding and I will try to keep on buying on dips.
But that is not an advice, just my point of view
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