Athlone ATH
Wow ! You mean that Dr Richard Appel and Bob Moriarty are talking this one up also ? Let me guess, it won't be long before certain other individuals join the chorus. Hmmmmm. A couple months ago ATH quietly moved up from the .30 range to around a bit less than 1.00 on NO news and NO property and NO nothing and all of the sudden all the same crowd from, I must hold my breath from the stench when I mention the name Cardero and the same crowd that hyped CDU's La Providencia, which is now on the back burner after horrible results tanked the stock a few months ago from 2.50 to about .55
Isn't that funny ? Are they paid for their recommendations in ANY way Jim ? You didn't mention that Henk Van Alphen is a director. Also Dr David Shaw is a director. And you were also a huge promoter of Cardero also. Henk is the CEO of Cardero.
Hey the gangs all here now. The promotion is on.
Don't you think caution is in order when putting money into a play that looks like it possibly might be a repeat of the recent past? This looks way to chancy with the same newsletter writers involved ie. Bob Moriarty who claimed that CDU would be "a 10 bagger" based mostly on their Argentine silver properties and others trumpeting similar tunes. Their involvement now with pieces on ATH are strange, to say the least, because they couldn't be interested in newly acquired properties which haven't even been worked on by ATH could they ? Or is it that they are all in it for the folks who direct these companies ? Decide for yourselves. It would be nice to see ATH work out but after the recent disasters in Argentina I'm steering clear of these guys.
I think caution is a must here as CDU's recent Argentine record is abysmal. A lot of people on other SI boards can't figure out why CDU is now moving either. Picking up property is not a guarantee of anything.
Be careful that you aren't caught in a similar situation. Maybe Bob Moriarty will soon call this a ten bagger also but if it gets near 2.00 I't be looking for the exit door amidst the hype as a bag with 10 holes could take it down from 2.00 ( f it doubles from here) to .20
"farm-ins" are the most optimal business model I've seen
step in, take over, recoup costs immediately, then share profits, after somebody else found the natural gas fields
wow, like taking candy from a Canuck baby !!!
/ jim""
Is this the same as stepping into La Providencia after someone else has already mined out most of the silver ?
Just my opinion but this "farm in" may be so full of gas that you can hear a "Canuck baby" fart from the indigestion. Better get out the Beano if you want to try this gassy play in my opinion.
Of note on their recent news:
"The lands were purchased from an arms length party for $25,000 (Athlone's share $12,500)"
Does this justify a market cap of $7,926,003
A piece of Saskatchewan moose pasture costs about the same.
Hmmmm same bunch as with Cardero on Stockhouse:
stockhouse.ca |
