Stiflerz28camarohemi ... just curious, but where are you getting this $0.60 projection from? The only hard-boiled, tangible numbers that will be revealed by the company before December 31 will be what's filed in the Q3. Personally, I'd be dancing in the street with a $.10 PPS EOY.
With the current shares outstanding, and with the tale of the tape on Q4 not revealed until sometime in Q1 of 2013, I think a $.60 PPS is a virtual mathematical uncertainty. I'd gladly take it. I promise you. I'm just curious as to where you're getting this number, given the current dilution and production. Even if the company reached and sustained 500-700 BOPD, heck, even a 1,000 BOPD in Sept/Oct/Nov and Dec and it could be proven without a shadow of a doubt, I don't see a $0.60 year-end PPS. I'm a shareholder of Dejour Energy (DEJ) as well and they're at over 500 BOEPD now with a book value of $1.20+ a share and it's at a mere $.23 a share with 145 million shares outstanding.
I see virtually no way the company's PPS reaches the valuation you're projecting by Dec 31, 2012. If it does, with the position I have, I can tell you I'll gladly be ringing the register and taking some profits. I assure you.
