Hi Farrell90,
In part it was the holiday, which is a little disappointing, share price wise. If this info had come out on a oMonday, it would run higher all week.
Actually, investors have got to understand the bigger picture, and how it portrays to the daily gyrations of the share price. They
need to understand that the main market that dominates the share price I's the OMX exchange in Sweden, where it,s normal to see one million shares traded daily. the Canadian TSE exchange falls into second position, and the Nasdaq AOIFF comes in third.
We need to follow the OMX if we want to judge the share price movements. If the share price goes north in Sweden, arbitrage will kick in , and the Ca and USA market will move to equal the OMX.
Besides, US investors have got to understand that we are better off in this situation. IMO the US market is easily manipulated while we are on the particular Nasdaq exchange where we reside on now. That will change eventually as AOIFF continues to grow. We will probably grow into the main Nasdaq market before we climb to the NYSE, which we will, in time,
do if we are not bought out beforehand.
Just guessing, but I believe there's a few shorters that automatically short hard on any good new on the US market. They do this to protect their short position, and to keep from getting a margin call. I also believe that a lot of the USA AOIFF investors could not buy yesterday, even if they wanted to. That's because they don't have a margin account, like I do, and they would have to wait three business days for any money into their account, from selling some other company's shares, in order to buy AOIFF.
Sorry if this sounds a little complicated, but it is what it is. Generally, I was pleased that we went up .15 yesterday with AOIFF.
My advice is to forget the day to day gyrations of the share price. That' s the small picture. The big picture is that the company has come up aces on several fronts. Our goal to prove up one billion barrels in the Lokichar is within our sight. We are getting there. I'm glad that KH is emphasizing this goal, and if you read one of my previous posts on this matter, you would recall that one billion barrels in the Lokichar would equate to a share price equal to 60 dollars a share on a RISKED basis.
AOIFF is an incredible oil explorer. Our upside is completely massive. I think we have 10 billion barrels in theLokichar, maybe even a lot more than that. We have wonderful and very experienced management.
We have at least two very good and world class partners, Tullow and Marathon. We haven huge percentages in most our blocks. Being q the first explorer to tackle onshore Kenya, before others, meaning we took the biggest risk, we have the most favorable and unchanging PSC terms with Kenyan gov.
In conclusion, everything is good, VERY good. If you need the follow the smaller daily picture, my advice to you is to understand the bigger picture.
Best,
Red
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