wallstreetman, I couldn't have said it better. Nice posts. The fact that I have been buying almost every day from 0.24 up to 0.70 and it wasn't because of the buyout prospect. The buyout was a short-term distraction which may provide quick gains. The true value of this company lies in its production and potential increase in the underground assets. Last I check, we are living in the energy crisis where the countries around the world are competing for oil...and the competition will get even more fierce in the future.
I just read an article in a foreing country (Thailand), and in it I see all the same concerns resonating about the even greater energy crisis we're going to face on top of the current one. OPEC production has hit its peak and is on the decline. Major non-OPEC countries like US and Norway have their production reducing even at a faster rate. Iraq-Iran-Nigeria-Venezeula-Bolivia-Chad are among the oil producing countries that have some near-term conflicts that can potentially develop into a long-term ones, disrupting the supplies even further.
The world needs to produce oil at an increasing rate to catch up with the growing demand...don't look far, it wasn't just the Chinese and Indian who are using up the energy. Every single one of us is playing a role in this crisis and that's why we should hedge our costs with the undervalued oil and gold plays like NDOL and AURC. These companies will quickly rise to their true valuation as this crisis persists. I am willing to bet anyone here that next year we'll be talking about how stupid we are for not buying NDOL more at half a dollar per share and AURC at a quarter of a dollar per share.
Russia and Caspian region are the current promised land for oil plays that all major consuming nations are zooming into. The regions are rapidly developing infrastructure to take full advantage of the energy crisis. The political climate is nowaday more stable than it has ever been. The assets underground that some of the NDOL shareholders are throwing away at around $2.5/bbls today was sold at $7-12/bbls in the same region last year (checking acquisition of PKZ, Nelson resources, CHAR all in Caspian region). That was when oil was around $65/bbl. Now oil is 15% higher and resources are even more scarce.
Beside the DD I have done about the company itself, the trend that I anticipate in the future helps me keep my head cool and add more at dips..almost every single day. We'll all be just fine. Worry not my fellow longs. :)
cheers
Market Data 
Markets 
AI
