Wish I did but it is probably something to do with not being able to cover the dividends out of earnings and perhaps the decline in the Aussie dollar. In any case I am not happy as EWA has many of the same companies and has been steady while paying a lower dividend. Holding for now but perhaps not much longer.
When the deal was finally close the shares had risen to 53 cents but Magellan got the shares at about 35 cents according to posters at that time. I suppose you could call IR and find out if I am wrong but I do not think so.
Please be honest avi. CTP is just about where it was when the shares and money came to MPET. I already alluded to the loss of value mentioned in the 10K and am surprised that you are able to go back and find a post I made 3-4 years ago but cannot find one I made yesterday.
This has been kind of ugly to watch and the dividends are not making up for the decline. EWA has been far more stable and I think it is do to their policy of having lower dividends. Am considering switching to that fund and foregoing the higher yield of IAF.
Only had beginning of the report. But oil production is up over 20% and your so called loss of reserves comes from sale of Palm Valley/Dingo interest. Try not to confuse yourself avi. Production is going in the right direction. Loss for the year as expected all along so nothing here in 10K to get too stirred up about as far as I can see.
CO2 project has not run into any technical difficulties and early injection achieved increased pressure down hole and rising miscibility which would be required for increased oil flow and financial feasibility of the project. Still early in the process. Central Pete stakeholding is worth about 2 million less now than when it was arranged based on current price of shares of Central Pete. Nothing to add on UK as well is just spudded.
It would seem the 10K would be the focus of the stock action the past couple of weeks as nothing has really happened at Horse Hill to affect the stock price one way or another. Volume, for most days, continues to be low on this price retreat. Hold the shares if you believe the Jesse Livermore maxim of it not being the buying or selling but the sitting that makes profits. Buy if you have a stomach for more than moderate risk.
Time to get out my tinfoil hat just in case some nefarious entity makes improper use of this. Will also inform my Aussie friends of what is happening--hee hee!
Boing gets about 2/3 of the money and Space X about 1/3. Will be interesting to follow their progress towards a 2017 launch estimate. Also saw something about ORB and and unmanned vehicle propulsion unit but could not find full article. Have you seen it doc or you clamdigger?
Most certainly did not deny I had made a mistake. You only read what you want to and then ignore posts that are inconvenient to your view.
Honest, you are going back three years to find a posting when management was different, we still had PV and Mereenie interests etc etc. My gawd that is lame. But it fits your modus operandi of digging up fossilized information.
Speculatively a strong buy if it suits you but it did not go from 2 to 1, it went the other way. I am glad you came out to support avi as I am sure he was feeling awfully lonely talking only to himself in most posts.
A day or two? You clearly have not been paying attention to several days in which this has been the pattern. Back to 1.91 after hours. Can't you get any of the other appendages to give you some thumbs up? Speculative buy as always.
Interesting observations. I have already seen posts claiming there will be something rotten in Denmark if SpaceX does not get the contract or the majority of the deal. By all means, let's get an engine built in the U.S. that we can rely upon for launches. And, by all means, let's get on with this ATK/ORB deal. If private job creation continues in the 200,000 plus range each month, the Fed will act to raise rates although I suspect they will stay relatively low for some time.
About 70,000 shares today and down 7 cents while yesterday the price was up on over 300,000 shares. This is a pattern that has been repeated several times in the last few months.