mom, I think you are right that smart people would be buying right now. The assets alone make this a good investment, but the delays getting the production numbers have given us another good buying opportunity. I am out of money to buy more because I did buy a fair amount in the .06 - .07 range several months back when I was "sure" that it wouldn't go any lower than that. I guess I wasn't right about that and that is why I cannot be one of the "smart" buyers now. The delays have been a disappointment and we have all been punished for them, but they still have the leases, the rigs, and the potential for large upside progress remains intact.
If they were selling some technology gadget that had to worry about market penetration or acceptance, I would be more worried. In their case, we know the product will be easily sold into the market at competitive prices and we know the product is there. It is just a matter of time for this to get the production glitches straightened out. Those of us that have been dealing with them for more than a year know they are for real.
Mike
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