Hey mo...where have you been! Same ROYL as all the years ago, ups & downs and more promises as always.
If you get in low - you can't lose much if they drop or roll over, bur don't buy on their little runs! Are you "full time" on the screen with this stock - that's what you need to do, esecially if you flip fo 20cents/share ore so
I'd say it is a make or break issue for the company, if there ends up being substantial reserves found after the seismic study, it ends up a game changer and a undervalued company. If there is only small reserves, they may continue, but it ends the investment potential.
I have to agree with darth that this is a "Make or Break" issue with the company!
Even if there are substantial reserves, ROYL has to find some partner or investor to develop and sell the find to suport their cash flow for operations. With the current price of NG (they still are NOT a oil company) and the high drill ing costs, they will have a problem to keep their share price over $2, especially if they start dilution of the current shares!
My take is that they will get a partnership and go private, thus get rid off all responsibilities, just like TMR, ASPN, BEXP, STXX and many others?
If they dont finalize the joint venture all credibility will be lost with the ST ... So lite the fuse and hope it flies.,no escape from the consequences if bad info...IMHO they have a strong contract...Then the key is the validation of their klondike oil rush find Talley HO