Reset back a few months
It looks like the market supports IMG’s price of .70
i must admit im surprised at the speed of the drop..
i say let the nervous nellies out and move forward on the gold. We should be more solid in the near future with everyone selling today that was waiting on the oil.
onward and upward!
# Orders Board Lots Bid Ask Board Lots # Orders
2 20 0.720 0.770 25 1
3 160 0.710 0.780 80 2
2 118 0.700 0.800 50 1
2 70 0.680 0.810 42 1
2 270 0.670 0.820 50 1
Slight movement back up from the extreme lows on VERY LIGHT TRADES, Massive trades on the way down, Light trades onthe way up.
Very little support there
People have to think about what just happened?
There may be a new drill site for the oil, this dry hole was sort of anticipated all along from ree-reading the report this morning….
Let’s hope there is a new drill hole planned as was originally planned all along. How many sites hit the black gold on the first attempt ??????????
I wish they’d make a small token statement (if it is true) that they are re-evaluating the site based on the first hole for hole #2. They kind of say that without committing to the second hole.
This is Oromin though, They are very hush hush. This has got to be the most challenging part of this stock.
Caliche is going to try and talk to them this morning, lets see what he has to say after he speaks with them and all cool down.
Trust me, I was hot after that press release came out and it was so cut and dry, but that is the Geo’s and Scientists talking. Not rational thinking or maybe to rational of thinking.
Yeah, but isn’t there someone there worried about the perception? Well I think we all know whos job that is. I know most on this site is no fan of him
kwhurs01
The man needs to step aside and let a real businessman do the work of CEO and Chet needs to spend his time taking care of the GEO side of things. He is Obviously not a businessman, he has no idea how to release statements to the public , has no idea of how to gain value via his reputation.
Do his job and let a real businessperson deal with teh public.
Let’s stand by for waht Caliche finds out this morning though, he is calling to get answers………..
Still we are significantly up from the lows. I imagine smart buyers understand that the IAG purchase price is probably the floor, and when the dust settles (no pun interned), we’ll focus on the pre-feas study, which is really what this is all about. I think people went a little crazy this morning, which may have presented an opportunity. I hope Caliche can give us some insight after speaking to them today, and perhaps the drilling isn;t over. In any event, good luck to all, and this truly was a bump in the road relative to the big picture, especially since we were warned over and over again that SR was the “wildcat”.
Roro
Absolutely, I am more inclined to see this as the perceived outcome of drill hole #1 after re-reading the report. am waiting to hear from Caliche at this time. He has more ability to get the answers we are looking for than we do.