RE: RE: Waiting Game.21 May 2020 17:55
Peggy, I've always looked for an end game of a buy out. No idea when that might happen which is why i don't trade my holding here. I actually think a few majors are envious of our acreage, but we need more drilling to prove up our resource. I am convinced though there's a lot going on behind the scenes which us shareholders aren't aware of, but that's just my opinion.
You might ask why is the sp at these levels when apparently we have such brilliant assets? I cant answer that one as it perplexes me as much as it might you. The only thing i can say is look at other stocks with enviable assets who's sp is potentially way below what you'd think. Then look at stocks where majors showed their hand and the resultant sp. SOLG is an obvious one. Or you could look at HZM which has 2 x Tier 1 assets with finance just around the corner yet the sp is still in the doldrums.
So i'm taking the gamble if you like that our assets will be proved up a bit more and a major will invest in some shape or form. Isn't the point of this investing lark, doing research and getting in before a share takes off? Of course it doesn't always work out otherwise we'd all be rich, but I still ahem faith here and am look big forward to the Summer news.
Good luck old girl.