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Message: Re: zibo
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Apr 18, 2012 10:40AM

Got me Stark;

I'm stunned that we're at this level, with the upside and having 2 wells on the go I was sure we'd be north of 2.00 at this point.

The TSX is getting slaughtered this year and I think that's a big part, but I think the last bought deal @ .70 is what's hurting us, we know PRE picked up 58 mil shares but the other 70+ mil shares are out there available to be traded, as soon as we got to the 1.40 level the selling was relentless which was a double for anybody buying @ .70, I have a feeling lots of those bought deal shares got sold so that the holder's could average their cost down and be able to ride this play with their remaining shares costing them next to nothing.

A lot of shareholders might consider this sell off as a leak that we've drilled a duster and more selling creates more selling, but ES is still being drilled and Jaguar is far from anywhere near TD.

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