Welcome to the Connacher Oil and Gas Hub on AGORACOM

Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

Free
Message: Credibility
2
Oct 19, 2009 11:32AM
1
Oct 19, 2009 10:04PM
6
Oct 20, 2009 01:04AM
1
Oct 20, 2009 01:31AM
2
Oct 20, 2009 07:33AM
2
Oct 20, 2009 09:36AM
4
Oct 20, 2009 11:28AM
1
Oct 20, 2009 03:17PM
5
Oct 20, 2009 04:53PM

Oct 20, 2009 05:28PM

There is an old saying that "past performance is not indicative of future performance".

However, I think that maybe you need to look at repetative performance in the case of CLL management as pointed out by a number of people on this board.

Probability, or , is a way of expressing knowledge or belief that an event will occur or has occurred. ...
en.wikipedia.org/wiki/Probability

a quantitative description of the likely occurrence of a particular event. Conventionally expressed on a scale from 0 to 1; a rare event has a probability close to 0, a very common event has a probability close to 1
https://workbench.axioresearch.com/NWPrecedent/glossary.htm

These are 2 definitions of the word probability and if applied to the facts and management history of CLL here is what you get...

CLL will have more dilution - forgone conclusion probability of 1

CLL will achieve design capacity without further expense - probability of 0

CLL management will start caring about shareholders - probability of 0

CLL management has learnt from their mistakes - probability of 0

CLL management will quit lying to shareholders - probability of 0

There is also another saying "there is a fine line between lots of courage and no brains", I wonder which line DG walks?

Just my 2 cents.

Dootin


Oct 20, 2009 05:57PM
1
Oct 20, 2009 06:45PM

Oct 20, 2009 07:36PM
Share
New Message
Please login to post a reply