News Focus
News Focus
icon url

alohamart

04/06/05 1:00 PM

#377681 RE: Zeev Hed #377621

DLKR got hit hard when the ASR/WSR joint venture, who were drilling very close by using the same technology partner, abandoned their hole after initially reporting they had hit what they believed to be an oil reef. The ASR/WSR test results didn't indicated commercial quantities of oil. When it looked like ASR/WSR had a good hit, DLKR moved up with them to .99. DLKR still hasn't even begun their own drilling, which is what the stock's all about.

DLKR should begin drilling this month. The price action from the ASR/WSR drilling, which is just a nearby venture that hadn't even had confirmed results, gives an indication how much it will move if/when they hit oil themselves. On their first hit, it will really fly. I've accumulated from .35 on up and am waiting for their drilling.

DLKR is much more speculative than MMGG because they haven't yet proven that they have oil, whereas MMGG has proven they have billions worth of zinc and other metals. However, the upside potential on DLKR is enormous if they do get some good hits. MMGG I just accumulate and am holding for long term, as they'll either produce the zinc and other metals for huge profits or they'll sell out to a major at a much higher price.