InvestorsHub Logo
Followers 29
Posts 2631
Boards Moderated 0
Alias Born 01/26/2011

Re: RoboTrader post# 75136

Wednesday, 11/30/2011 12:41:26 PM

Wednesday, November 30, 2011 12:41:26 PM

Post# of 118202
Robo,
Even if they published a recovery rate for the work that they did so far these last 2 quarters, statistically, it wouldn't really mean much. They need to have a lot more production time to get meaningful numbers. Yes, it would be nice to see some figures, but those numbers really wouldn't give you much to plan or predict with.
If they could correlate the recovery rates to core samples and show good numbers, then it would be more meaningful, but still questionable. You need consistent production figures to establish reliable, predictive rates. The "sample" would be too small, statistically.
I suspect they are still "hunting" for the pay gravel that will produce the big returns.
JMHO

Don't take my word for it, Do your own research! Then you will know it's true!

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.