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Hit $.162 in the US today on ard 800K shares traded so far. Or 3-4M shares over the last few days. It's great to see but still under $500K spent. GLTA and high prices for this stock!
Newt,
I'm confused as to your concern over the timeline now. They are doing pretty much as they said no? I've certainly been critical over how long things take in the past and have wondered why this will take so long but they are doing what they said as far as I can tell. What am I missing?
Newt,
Well, we have been saying all along that with no real news for 6-8 months that this price will founder and it looks like that will happen if we are waiting u til the end of May for results. Just hope that the results are good because anything less and I think we will see new lows in the sun $.05 area. That's not whining or yelling fire, just my personal prediction. Hoping for the best for all long term holders!
Again, I can't imagine a government that was so in support of new exploration, etc would do this and pull a full 180 without any previous statements. Why are there no questions like, "what happened? Why make this change?" And Sheffield must be going crazy- I can't imagine he is not working the full powers of his lobbying machine in Australia.
So Newt,
You are saying there is no ambiguity in the current legislation regarding scope 3 and that if this legislation becomes law, and nothing else is done- then the beetaloo is most likely done? That there is no way to currently get to net zero on the scope 3 without additional measures being taken?
Unfortunately this is one of the risks of taking so long here. Not this exactly, but that the political climate would change and cause us problems. Hopefully this won't be a huge problem as Tambiran says they have been planning on this all along. "Make hay while the sun shines"!
KMJ and others.
Is t your opinion that f Fog were to put up similar numbers from the amungee that most- and the market- would see that as a disappointment? Esp since some have been talking the 5-7m /1000 ft numbers and not the 3. And if it does come in in the 2's, is there any recovery from that as far as a next step? I'm hoping we're not setting ourselves up for disappointment if we don't end up in the 5-7 numbers.
OTD,
I have to agree that $.75US would be a bit of a disappointment after all this time. I say this less from an analysis of cash flows and discount rates and more from a wish that this was/is a home run swing with a huge amount of risk with the expected payoff. In rough numbers, an entry point of $.15 US and an exit of $.75US over 8 years (my case) is about a 23 pct annual return. If it happens in another two years it's about a 17 pct annual return. Good but not great. Certainly, in retrospect, not worth the risk! For the many that have been holding 15+ years, the return becomes even more mediocre- depending on their entry point! Now since wet says I'm always whining, I'll say that I'd be thrilled to walk away here w a 20+ pct return here and am hoping for great flow rates and perhaps some market enthusiasm and a stock run up! I'd also ultimately like to see a buy out with a stock exchange w a stable company where we could hold the stock long term. All being said at pre 6 AM on a Monday where it finally seems like things may be happening with this stock! GLTA longs
Wet,
The hope was that we would see great flow rates, etc. same as is the case now. If we were to get the same results on this well as we did on the Kyalla would you consider that "valuable"? Can you agree that the stock market did not assign any value whatsoever to the Kyalla well??