ERHE is not a "safer multibagger" at a higher shareprice.
ERHE is actually higher risk when it has good drilling prospects and a higher share price valuation, not lower risk.
Then why would ERHC think that they could get a better deal from a partner once they have siesmics completed. Isn't that based on the idea that as they lower the risks they get a better deal from a partner? If the risks actually go up why would a potential partner go along with a better deal for ERHC...and a worse deal for themselves?
Investors will always be more willing to move when the data is more convincing...lower risks. Sure there are no guarantees of drilling success. But right now there is not even data providing confidence of prospectivity. If there was, the sp would be higher.
Again...I don't mind waiting for more evidence that this will turn out well. Right now this is pure speculation. Once financing is procured...and a partner is on board...and new siesmics look positive...there will be opportunities to still make plenty of money...but the level of speculation/risk will be reduced.
No one wins them all. But those that invest heavily on highly speculative stocks have the highest risk of all. I choose to lower my risk level by waiting for better odds. In the meantime, if you check my previous posts, my lower risk investments are doing just fine. Had I followed similar advice here two years ago I would have missed out on some great gains...and I could still be waiting another year or two to see if I hit the jackpot...or lost a large amount on a higher risk gamble.
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