AI
Thursday, March 31, 2005 1:33:10 PM
Bill, per your message I still own DLKR and haven't sold any.
I have bought DLKR since 2/28/05 through yesterday from 76 cents down to 32 cents making my average on 40,000 shares around 52 cents (yes, I'm underwater at the moment
).
The low for the year is 30 cents.
I spoke to Gary from DLKR investor relations a week ago Wednesday and he said he's buying more at these levels and expects them to start their first drilling project the 1st or second week of April and that they will have an idea of results sometime in early to mid May. Of course I always take any advice from the investor relations folks with a grain of salt but I know others that are much more heavily invested than I in DLKR so am taking a bit of a flyer.
The weakness is probably due to the "dry hole" that was drilled by the joint ASR / WSR project in North Dakota that has close proximity to the DLKR acreage.
The DLKR play is definitely speculative as their future is dependent on finding oil but they have a lot more land and targets in North Dakota than ASR / WSR do so the risk / reward may pay off. They both are using an oil identification technology that has had good results in the past so the dry hole for ASR / WSR definitely was a major negative for all.
From my original mesage mentioning DLKR and MMGG as 2 commodity plays, I own over 100,000 shares of MMGG at $1 and believe that is far less speculative than DLKR as they have recently identified a very large Zinc deposit - enough to justify building a mine:
http://biz.yahoo.com/bw/050318/185363_1.html
I have friends that have put together analyses valuing MMGG around $7 based on the price of zinc, cost of building a mine, and amount of zinc identified. I also haven't sold any MMGG and plan on holding this one for a while.
As always, do your own DD but I wanted to pass on where I'm at on these two.
I have bought DLKR since 2/28/05 through yesterday from 76 cents down to 32 cents making my average on 40,000 shares around 52 cents (yes, I'm underwater at the moment
). The low for the year is 30 cents.
I spoke to Gary from DLKR investor relations a week ago Wednesday and he said he's buying more at these levels and expects them to start their first drilling project the 1st or second week of April and that they will have an idea of results sometime in early to mid May. Of course I always take any advice from the investor relations folks with a grain of salt but I know others that are much more heavily invested than I in DLKR so am taking a bit of a flyer.
The weakness is probably due to the "dry hole" that was drilled by the joint ASR / WSR project in North Dakota that has close proximity to the DLKR acreage.
The DLKR play is definitely speculative as their future is dependent on finding oil but they have a lot more land and targets in North Dakota than ASR / WSR do so the risk / reward may pay off. They both are using an oil identification technology that has had good results in the past so the dry hole for ASR / WSR definitely was a major negative for all.
From my original mesage mentioning DLKR and MMGG as 2 commodity plays, I own over 100,000 shares of MMGG at $1 and believe that is far less speculative than DLKR as they have recently identified a very large Zinc deposit - enough to justify building a mine:
http://biz.yahoo.com/bw/050318/185363_1.html
I have friends that have put together analyses valuing MMGG around $7 based on the price of zinc, cost of building a mine, and amount of zinc identified. I also haven't sold any MMGG and plan on holding this one for a while.
As always, do your own DD but I wanted to pass on where I'm at on these two.
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