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Microcap & Penny Stocks : Tri-Valley Corp. (OTC BB: TRIL)

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To: Bearcatbob who wrote (3777)5/14/1999 5:01:00 PM
From: Roy Chiesa  Read Replies (2) of 4821
 
As I Remember.........

It seems like Tri Valley stock moved up in the past in anticipation of drilling results at Holly and Orcutt. Since those wells were not immediately productive and along with the overall weakness in oil prices, the price of its stock has fallen pretty bad, no denying that. Keeping in mind that Tri Valley pretty much qualifies as a wildcat operation at this time, it seems to follow that stock prices will be pretty much tied to successes from this point on, although I would certainly acknowledge that its land holdings could also come into play in the future scenario. So, what would move the stock price significantly (upwards)? A hit in Project Ekho, a dramatic showing in the Richardson gold field, a hit in Nevada, a hit in Iran (if that development comes to pass). I would think that anyone buying into Tri Valley would be doing so in the expectation that management has a good chance of delivering on at least one of its endeavors given its hold on a number of good land positions and its ability to predict opportunities ahead of the herd. So folks, hang your hat on a hit!

Lucky Dog
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