I know and I'm afraid those days are long over. I can remember the move from .20 to nearly 8/sh in a year and a half. I base the 4-5 shares off of a valuation of .74 cents/barrel assuming 40-45MM shares outstanding and a prospect size of 600MM. This evaluation was what the market awarded a company called Canadian overseas petroleum which drilled a well last November on a full carry from Exxon Mobile. When drilling commenced, market gave them .97 cents a barrel but this diminished as drilling went on. Ultimately the well was dry and the company is now worthless which unfortunately is the situation HDY may find itself in. As RL said this is our shot and if Fatala is not successful it is game over. For this reason, I do not see the market all of a sudden valuing us 15+share as soon as a formal announcement for drilling is announced which I expect in a week or two.
Having said that, we have all seen what market momentum can do once a name becomes popular, both good and bad. I would love nothing more then to see our stock go to the moon. As for the rabbit out of a hat comment, it is abundantly clear to me that based on current market conditions and fundraising results this far that companies would love nothing more for HDY to fail. Fortunately for us we have a hell of an Exec team that has at least given us a fighting chance.
Clarification- the 4-5/share is pre drill price. Anyone's guess what sp does regarding a discovery.
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