Good one bull, but I can understand their frustration. I've owned IOC since late 2007 and experienced a rollercoaster ride with regards to the pps movement and the many press releases and articles written. I will stick with them till they announce their/our deal. I know everyone is weary of hearing the same rhetoric with regards to a deal/deals, but the facts regarding the resources make an undisputable statement as to the intrinsic value of IOC. The price may be temporarily pegged at $60, but that WILL take a huge jump upward upon an announcement.
See, Ed, that is false thinking. It all depends on the terms of the deal, and keep in mind that IOC has a current enterprise value of $3 billion. That is in today's dollars. So, whatever deal may or may not be announced has to have future cash flows to the company that will exceed $3 billion in today's dollars. As Bonk has discussed extensively, comparable transactions, cash flows, and valuations contradict this assertion. In other words, you should be prepared for the potential announcement of a "deal" and a stock that may decline...and decline sharply. It might not move at all. And perhaps it will increase, though I am banking that this does not happen even if they announce this deal you are counting on.
I understand the frustration too Ed. But as you know patience and discipline win the game. The PNG Industry News article was huge, but mostly ignored as the high frequency hedge funds try and unwind their positions