George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Agree sub 6 looks very likely imho.
These guys are not oilers and this shows thru in the rose colored picture that is being painted in my opinion - just do the maths on workovers at 10~20bblpd of heavy crude - high impact I think not - maybe someone has driven thru Monroe swell or the West Brentwood housing subdivision recently for context?
There may be value, but not at these levels imo.
Take Care
Plenty info here maybe the insto's read this and dumped http://www.energynewsbulletin.net/exploration/news/1100188/boots-on-ground-boosts-xstate
Well maybe, just maybe, one of these insto's took at drive-by Monroe swell - one of the more accessible fields by state highway- and only a spread of 20 acres some - and saw NO workover rig - or any activity at all - save for a few rattlers a rattlin, some scorpions a scuttlin, and the odd coyote cavortin? Take Care
Hmm you assume all the buyers are long term holders - i think not. Most traders use a tight 10% stoploss we are seeing those being hit now imho - add to that ongoing insto dumping and 6 looks the next target without fail. Take Care
Insto's are usually the first out - they will reload at the next .005p placing - like clockwork - huge cash demands in the next 6 months and as ol mate Lenigas says 'you cannot pay with bottle caps'. May explain the ongoing dumps. Take Care
Can you point to where workovers have commenced? I think not. So why post that? Monroe is a very small heavy oil field that should properly excite no-one imho. But happy to hear your explanation. Take Care
No Idea but surely if you want to do a deal with Dero Parker you would do it direct and avoid the grief, the assets are tripe and will bite the co badly imo so why the need for a yeoman loop to get here is my question Take Care
Quite. Father. As we say Title Title Title. That is why there need be transparent and to date there has been little,you had to chase down the answer - which is why we are having this 'confessional' The assets are old hat - we know that - very researchable- and complete rubbish imo - but why disguise them via some Uruquay mom and pop shop registered in the IM, that Mahan bought into for a quid? Does Not pass the sniff test for mine and goes to Management MO surely? Take Care