The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I think I will wait for another epic news release from POQ so I can pick some stock up under $.10 cad!
TDF, If and when you are proven right gloat away and I will bow down to your foresight and wisdom, until then I will point out what is relevant and concerning to me and probably many others. You say your constantly buying so I would assume your always happy with this stock in the toilet, I hope you do well in the long run. The reality today is one of silence and being misled with ever changing news releases which add to the uncertainty of this play. On that note have a great day!
The last 6 years
6 years = 1well drilled
7.5% of Beetaloo given to Origin for more drilling (ha ha)
two capital raises for 100,000,000 shares (dilution)
5.2 Million dollars in compensation for our two superstars in charge.
Stock price $.13 Cad
Oil and gas index on TSX up 24% YTD.
No date for drilling this year!
Crickets from management!
All this from from this World class play!
How many times can 1 man sewer a stock, my guess is the AGM will only continue this stocks downward trajectory, because POQ will be speaking. History is on my side!
God only knows how far this stock will go down if they don't drill this year. An open ended deal for drilling timelines has perpetuated this uncertainty. Just look at at it as a forever investment and all will be fine, while the two at the top enrich themselves. Millions spent on two people while dilutions continue, stock suffers and no information on drilling this year. the stock price reflects all of this, it doesn't lie!!!!
Falcon, your message has been repeated for many years, and by the looks of it many years to come. But that's OK because were all in it for the long haul, RIGHT.
The CEO and CFO are pulling down almost 1million bucks a year, I don't think their in any hurry to do anything!
POODS, this outfit is like the boy who cried wolf, nobody believes what they say anymore. Its hardly surprising the price has dropped within minute of his last news release(like the previous ones), the scope has changed (once again), no timelines for drilling, another dilution (once again) after saying we were fully funded for this phase, and more share options for insiders. Stock price and volume reflect all of this....................................
DP and Camelot, you are both right on the money. Every time POQ says we fully funded, BAM, another dilution. Adding his girly fiend to the board just adds insult to injury, next appointment to board will be uncle Bob. Its not the government that is holding us back, its the corporate gong show.
I think the change in government is the least of our worries, these seemingly endless delays and change of scope is much more of a concern IMO!
Heres a novel idea, get the BEETALOO up and running, they cant even get their cr@p together with a friendly government!
Wishy washy press releases are like Kryptonite to a stock, unfortunately POQ has a knack of delivering them quite frequently!
We need another press release from POQ to create an even a better buying opportunity!
I will leave you with a quote from you " this is all my uneducated opinion and just observing".
Uneducated-
untaught · unschooled · ill-educated · untutored · untrained · unskilled · underskilled · unread · unscholarly · illiterate · unlettered · ignorant
Well for one, being critical doesn't disqualify anyone from owning Falcon, I guarantee I retain more of this stock than you! Two if you read what i originally said, you wouldn't be going off on a tangent. You just can't handle anyone being critical of your little baby, or you just can't read, or both. As 805slo stated "Fog keeps moving the goal post and is inconsistent in its messaging" and he is dead on. This is why trading dried up after the press release........
BD. Here are 4 big gas players on the the TSX for the week, no need to google.
Crescent Point +8%
Encana +10%
Baytex +4%
Nuvista +11%
Right again,
Bdaddy, and how were the gas stocks doing during this time, virtually all up. Falcon was edging up slowly until our latest press release, which for better or worse changed from January's release, not to mention another stock give away. The market was waiting for some firm direction and timelines, and it came up short, unfortunately.
consistently right!
Surprise, another momentum crushing vague news release, shocking!
Dp, as vague as the press release was on timelines, I do believe they will drill this year. I can't imagine these latest investors jumping on board without that happening.