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Miller Energy Resources, Inc. Message Board

  • the_rik_40 the_rik_40 Aug 17, 2011 4:18 AM Flag

    New to this Message Board.

    Have a Question is the 40.5 Million Shares
    which Yahoo is the outstanding shares
    Correct.

    I read some of the message's and it seems
    MILL has issued new shares i didnt know
    how many they had so is the Yahoo amount
    corrects of 40.5 million shares.

    All so i seen where there is law suits
    against the company which i didnt really
    think Mill had really done anythinge
    wrong.

    Any Feed Back appreciated. thank you.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Well, you found the "message board".Go up several lines and read the "key statistics."Check insider trading and see that the management buys shares at $....,See if the management is dumping its shares.Now add greed,short selling,panic,fear ,lies,anger,and try to come up with a formula that will help forecast the future prices.Stocks are the only game in town with bonds paying little and inflation debasing the dollar.Good luck make a few bucks (reinvest those too).

      • 1 Reply to olejos
      • Management has not sold any stock, even at the highs. The options for the board and the managers are at higher stock prices, too.

        They basically have picked up some Alaska assets at fire-sale prices, due to a volcanic eruption, oil price crash, and the inexperience/bad decisions of the previous operators. They believe with the correct application of technology and equipment they can get the redoubt field to again produce 4000+ barrels a day, maybe up to 10,000bpd.

        They have several other prospects in the area as well.

        But they are having some growing pains as well, such as a disgruntled ex-manager who didn't follow their "code of conduct". That could mean a few things.

        They also had a double-whammy of an orchestrated "Bear Attack" followed by thier own improper 10K filings. They switched auditors and have had to reclassify things, basically take them from one column and put them in another. So when a press release says "10K should not be relied upon" - it scared away more investors. Share price is a real bargain.

        My prediction of $8 came true in July, and MILL will be there again by year end, when the rig is put on top of the platform. After that,I predict $12 by next July.

        Search for my other posts.

 
MILL
5.61-0.07(-1.23%)Jul 11 4:02 PMEDT

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