Haven't we been looking for that 6000 b/d production for some time? Not saying they won't reach it but were they not looking for that number prior to the NF acquisition?
Good numbers with revenue up to 16.4 million versus 13.2 million and a net of 11 cents versus 2 cents last year. However it's absolutely inexcusable that a report would be issued with ZERO management comment. Another good reason why this stock sells at 1/2 its book value IMO. This CEO obviously thinks very little about keeping minority shareholders informed about any new developments at the company. At the very least some comment on the current status of their fracking well ventures and of the drilled well on their Ohio lease would be in order.
If this market correct 10% plus there is no telling what the bottom is in any stock. And NROM's short term fundamentals look very weak and as such there is no telling how long the selling may last. My guess is that it will make a good bottom in the next couple of weeks but who knows for sure.
Right now the market is in a small "panic mode" and I'm not to sure that any upbeat forecasts by MILL management will be enough to carry the day. On the opposite side of the spectrum you still have a heavy short position out there covering on any weakness.
I think we have a major holder unloading a big position. And my best guess is that it's the group that made an offer for CSPI last year at the $7 plus level. You have buyers on the fundamentals(and current dividend) and sellers who think the company well never make any money absent the royalty revenues.
Very true, except right now the market wants to see some visibility on revenues for the coming quarters. So absent some positive news on that front TCCO's stock price will probably stay under pressure.
i agree sam with your assessment. But you might want to add a very top heavy over paid headquarter management team. You'll note I didn't say anything about their operations management team. I'm just referring to the Tennessee JET setter team.
I agree as the proposed board by the company does not appear to be independent enough. And this company is TOO TOP LOADED with TOO MANY HIGH SALARIED individuals IMO.
I'm kind of thinking along your lines. The progression of SEC filings, PR and delayed CC suggests they may well have aces up their sleeve for the CC. However they had to know the early releases prior to the CC was going to have a negative effect on the the stock price today. Not sure what the logic was on the timing of these releases
Highly unusual to file the 10Q prior to their PR IMO. Also very unusual to then schedule the CC 21 hours later. However I do believe the PR at least provides a little more clarity on just what their short term goals are prior to fiscal year end.
don the guy has got an EGO bigger than the state of Tennessee. Notice how he likes to flaunt his "supposed wealth" to all who will listen. His need to constantly put himself up on a pedestal and shout his expertise to prove to all why he should be included in that very exclusive "Intelligent Club".