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Treasure Island Royalty Trust Message Board

  • joey71959 joey71959 Feb 5, 2013 2:15 PM Flag

    Lucy!!!, Whaddayou think?

    Sold all my MMR and kept a load of TISDZ. Think the leases will stay intact? I am willing to hold for a long time, but am starting to have second thoughts.

    Sentiment: Hold

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    • I think that this takeover has given rise to doubt about the way the UD will be completed. I think SS188 will be completed as well as BBE and Laffite (in order to keep the leases). However, people now fear that they may not drill new wells on the TISDZ lease blocks for years to come, preferring the on-land sites. If this is the case then the TISDZ story will play out in slow motion. That said, I would not sell here.

      I actually get the impression someone is helping to walk this down, knowing there to be a distressed seller. And retail are being suckered in to selling on panic - McKenzies sales account for less than 10% of recent volume. I get the impression that there is a very big buyer licking his lips at recent price action -- a shark can smell blood in th ewater!!!

0.065Oct 30 2:25 PMEDT

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