What's this talk about pulling the plug @ $4 ?!? If people want to
profit take at these levels, it may drive the price down and jeopardize
the NASDAQ listing, wouldn't you agree ? I agree with David that it may be
shortsighted to bail at these levels when you consider the following :-
1. EnviroTech well, very likely to go from profitable at $0.70/barrel to
a major cash cow at $20 a barrel (approx) for earnings of around 35 to 40,000,000/year.
2. ERHC shares - a company that has 107 well sites sitting over a 52 million
barrel oil reserve (oil's fluctuates around $20 a barrel) one just one of
its properties, must be set to appreciate from its current level of
just under $4 a share.
3. LPS Ltd, with the leadership of the experienced David Beynon
4. AdHatters expanding its market penetration
5. CO&G sitting on 800,000 barrels in 2 properties in Utah, near the
disposal well, and setting to expand its operations.
{This is the speculative part}
This company looks in better shape than when it was at $10, with significant
potential for improvement from there. I'm holding on to my shares until
it's WELL into double figure territory, which I believe may happen as
some of the above considerations come into effect.
{This is a message to Shorty}
Bend over, and SQUEAL LIKE A PIG !!!!
Maybe Franco is starting to rub off on me after all...
Regards,
Durro |
