If you truly don't believe were worth a "plug nickel" more than what the price dictates right now then I have to question why you'd be here after all these years. Helluva big gamble to hold for such a long time.
To me its not much of a gamble because I feel were worth multiples of what we are today.
Do you not think from the time they test at TD in both prospects that they'll have a bankable idea of what the blocks hold? I do.
Your level headness thinking is something we could use more of. The world knows China needs more reserves, but by no means does that mean they are willing to overpay for non proven oil deposits. Slow and steady will get us a fair price, but not what some here seem to feel ERHE is worth.
You said; "Wouldn't bet a plug nickel for our chances of getting one thin dime more than we are worth."
Chinese historically value and pay more for oil assets than their Western counterparts. Fact. Geologist friend of mine at an international integrated Oil firm said that whenever they get into a bidding situation where the Chinese are involved, "they (U.S. firm) can't pencil it out....(can't get the numbers to justify the purchase price of the Chinese.)" We have all discussed the why's.
I said this early in my involvement with ERHE: ERHE acquisition could be the worldwide convergance of "epic" political and economic forces.................yes...epic.....
and SEO has played this like a flute.............all we need is the oil! :-)
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