Since you provided the opening, there is a point that deserves to be mentioned. I know everybody is happy to see the price jumping up again. In spite of our best sleuthing, some inspired and honest estimates of potential, and the laying of a great diversified foundation, we aren't there yet.
Technically, we own a company losing money. Any 2.60 price is purely speculation. Until there is a public record of at least one profitable quarter, we are still losing money. One could even ask what the burn rate is, if they were a real infidel.
I am of course a true believer, but we can't invest in TraderGreg's number crunching, or David Smith's drilling, any more than Franco's best estimates.
The only thing other than a positive audited profitable quarter that would be concrete price support, would be some MM help from the company, which I think they are working on.
I can't concieve of a current reason why .50 isn't a achievable as 1.50 in the current atmosphere.
No flaming, I was invited to hypothesize.
Hugs and kisses to all,
Mike |
