"if you question their judgment even about what things to NOT pursue when they have other opportunities... why would you have ever found it useful to think putting your money at risk in an investment with them was a good idea ? "
thats a fair question.........I simply got excited again about the prospects of sc72 becoming a service contract with all that gas in there.ontop of what ive thought for years to be a near future profitable gold mine.........the labor theres is the cheapest in the world......you could mine it out the old fashion way the way prospectors did,,,,but there nothing there so They should have called it a hole in the ground..not a gold mine.
Anyway..........I bought a lot more stock because of sc72 before the chinese dilemma.....and now as that clears up...I second guess the accuracy of sc72's deposit........can fecof come out and say.......Hey..we overstated the deposit...its not 3.5..........but its .7tcf..........the older studies were flawed....blah blah blah......
I'm still hoping for a deposit of at least 3tcf, the size of malampaya so we can get something out of this.....so i can make a profit and not a loss again on this. I no longer expect or believe the upward of 20tcf they guide you to think the possibility of............The stock always moves in anticipation one way or another and with some kind of leaked information.........this one is behaving poorly since the study ,although not enough volume is there to give this theory strong support one way or another.
The only thing I can hold out for is the fact that they did hit oil with that very, very small percentage in the oil company they own.....so maybe this isnt a complete scam afterall.
And by the way....I too enjoy the board and all its "characters".....and where you see positive people I have to try to balance it out with unadressed risk.....Nobody here gave much credence to the possibility of the goldmine being a totalbust.....and if i brought up the possibility of the risk I would get painted as a basher...So although I respect the curteous manner of this board...It would be healthier to have a few more doubting thomas's to bring balance to this.
Does anyone remember that gold stock overseas in the 80's that paid a geophysicist to put out a rosy report for them....it was a penny stock that went thru the roof..like 10 dollars ....at the end it was all big lies ..a big scam.
philex making bids to buyout all of fep gives you the likelyhood that this is legit..... But when one of fecofs two projects becomes a total bust...you start to wonder about the others accuracy in numbers ..its only human nature . good luck to all.
