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TransAtlantic Petroleum Ltd. Message Board

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  • vol2smile vol2smile May 10, 2012 10:23 AM Flag

    Any guesses as to why TAT has such high targets here:

    If the company works, it will be at least $3-5, but if it fails, its downside is limited, as the FV is around 1.70, so they may be able to sell for half price of 0.85 or less if MM decides to give up (very unlikely). The company is a bet on MM, especially when he puts his own money on the table.

    Short term, it is a lottery ticket, I just view it as a call option that will not expire, and with a limited downside risk.

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