Nothing Happening Here.
posted on
Jul 09, 2013 10:36AM
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Doesn't look like anything is going to happen for some time given the trading today. It doesn't feel like news is very close, and because of the lack of volume, likely the results are not spectacular. We need to hope for reasonable results, a small financing to prevent dilution, and more drilling later in the summer and results into the fall or early next year. There is no use rushing anything because there will not be many buyers no matter how good the results are. The traders are watching, but that is about it right now.