Thank's for your reply. I remember these disclosures of intention by Lundin to sell TYK, but he acquired even more new shares this year (through warrants) than he sold. He only sold stock AFTER the stock price collapsed, there was no selling or dilution during the big rally from 4 to 12 CAD. I apologize if I'm wrong, I found all TYK news releases on the net except those concerning Lundin's buying and selling... I started following TYK when Sands got involved one year ago. By the way, do you think we should move this discussion to the TYK-thread? But that thread has been heavily sleeping for 4 months, no new posts since May... Do we dare to wake the bear up?
On the Tuesday meeting Lundin said that Sands already have finished their own evaluation of all well data from Tanzania, now they are waiting for Tanganyika Oil. TYK is discussing the possibilities of farming out part of the Mandawa block interest with two big American oil companies. One of them is interested in shooting more seismics before drilling. But it's still a wild cat. I asked Nordin (CEO Sands) what chances he gives these farming out discussions, will they be drilling again? "It's fifty-fifty, we'll probably know later in September". The rig has alreday been waiting in the bush for 10 months, and the rainy season is over now, it's high time to make a decission.
I'm an indirect stockholder in Arakis (through Sands). If I see the stock price under $3 again I don't think I can resist the temptation to buy. Yesterday Magnus Nordin (CEO Sands) said they'd love to buy more Arakis if they just had the money. The way he said it gave me the impression they are up to something. Do you think other Lundin-friendly investors are lending them a helping hand, buying Arakis shares? Oh, maybe that discussion should move to the Arakis thread? I've been following the Arakis thread closely since January, but I'm still struggling with the old 1995/96 posts.
Regards, Tomas |
