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As I See It

08/11/14 7:37 PM

#10410 RE: alkalinesolution1 #10406

Alk,


This is a new piece of information. Assuming it is true, it means that it took them several months from actually bringing in the AOT to getting everything ready for the testing to officially commence.



My understanding is that there were a whole myriad of tests on the AOT installation before the actual "oil" tests could occur. Lots of sub contractors involved with lots of scheduling etc. to get it all done.
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4starman

08/11/14 10:56 PM

#10424 RE: alkalinesolution1 #10406

"I'll be interested in the market's reaction"
I can only speculate, but based on my own and friends' reactions, I don't see pps tanking. No real negatives, just more of the wait and see. I don't see it spiking either. We did not get the only thing that matters - tests results with hard data.

Traders will be looking for a decline with a chance to buy back in later. And the bashers will try to help push it down.

This is frustrating and the impatient will sell. I suspect the nice volumes we have seen will decline, as well as a drop back to last week's numbers. But there is more interest now and renewed hope for the longs.

Quarter 3 ends before the test ends, but the next cc won't be until November, after the Oct 15 pull it out or buy it decision.

The big concern (and it will be much harder to accept next quarter) is that management will stonewall with the too soon, unable to share numbers, NDA not over scenario; which then pushes everything back to December. This is tiring, so thus the slow decline in pps.

However an announcement could come out any time between quarters' 3 and 4 10Qs, so core holdings will be kept by the majority of investors IMHO.