Hey Yoga, you know I am with you with 99% of your shorts, and respect your analysis greatly, but be careful with this one. I live in Calgary and know Martin Molyneaux from First Energy. He is a VERY VERY well respected analyst and knows his stuff, so please be very careful here.
zarm- I have realized that this is one of those rare instances where a pump and dump might have some actual value. That said it's clear to me that even if it does there are some strong negatives built into the trade-
1) No one knows what the value should, or could, be.
2) Momo traders are not patient investors.
3) Profits if any are years off.
4) Because of the uncertainties momos won't know whether to buy, hold, or sell. When in doubt their first impulse is to flee in herds (same as they arrived).
My short position after being well submerged as of Weds is doing quite nicely now. Good luck with all your trades.
Exactly. I know I few people here in town who retired from Niko. Martin seems pretty excited about this find...I am betting a lot of local money will flow into the stock. I am aware of a lot of cash just sitting around in this town.
Yes, he is a top notch analyst. His comments alone will bring in money from this part of the world (which, by the way, is flush with cash right now). Basically, him saying this is a significant find is the one and only reason I am in right now. The man does his homework.