The Last Elephant in the Room

[CAC]

[quote='Libtardius Maximus' pid='33863' dateline='1386710039'] I agree with Tarules. Shorts know they can hold pps down for next 15-18 months and create all kinds of strawmen in the process. Todays leadoff hitter was the Tilson 9a article to keep the thumb in our eye while shorts raped the pps to cover and lunch money. I cannot comprehend that this is acceptable to IOC leadership other than they think the rigs will do the talking for them (which I think will happen) but that doesn't shorten any time horizons. What we have here is a failed rollout and the short narrative of low gas if any, not as much if there is any it won't be more than 5.4T's for .77 cents, or .60 cents etc etc. This deal was supposed to be announced as 1.29 uncapped and was a massive failure. In time it will be a proven resource at the high end of the range, how high remains to be seen but I think we will all be pleased. The question becomes will you wait for it.

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I waited three years for Friday's event.  In all honesty, there's no reason to fefinitively conclude that any of those future positive catalysts will be received by the market any better than this deal was.  I say...maximize shareholder value...now.

You're preaching to the choir yet I disagree that the market will not conclude differently, there will be a time when facts are facts, until that time the facts will be what the shorts side tells you they are thanks to a botched rollout. And shorts will bait the likes of admin and all others that want to argue with them because it gives them some sort of power and limelight to showcase their self-appointed mental acuity dominance over anyone that supports the IOC long thesis. Know this, no matter what happens next short of selling the company it will be disputed by shorts as an untruth while they are the untruths in the flesh. But it makes them lunch money every week for next 52 weeks on the backs of shareholders and IOC management. I can say it is hard to blame them since it is so easy to do. Heck, I would do it too if I could but that would require me to have the ethics of a sewer rat, no moral compass,  no conscience, no soul and a blatant disregard for others, shareholders in general and the people of PNG in particular. I am just not wired that way and have no aspiration to change it.

Time will tell our story but for now shorty is running the clock. We can only hope for a surprise when least expected. Buyout, an unforseen announcement, name whatever you want. Until then the options are clear, hold or fold. I know what shorts are hoping happens.

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For the most part, I think the shorts' "arguments" are not the problem. They do it as a supplement to their "hammer" and it may have a very small effect (like JFT's pumping might somehow help a tiny bit) but their "hammer" is that they know they can run the price down anytime they want, with or without message board chatter.  If the deal was well-received (by people beyond this board) we would have seen lots of new buyers, new coverage, etc. There would have been huge buying pressure that would have eliminatde (or at least offset) what the shorts did.  As Bill Parcells said...maybe we are what are record says we are.

CAC, It will take awhile for people beyond this board (and some people on the board) to understand the deal. And there are still a couple of shoes to drop.  When all the info is in the public domain, and potential buyers have had the time to understand it, I expect the deal to be well-received.

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You expect that based on what? I am not trying to be confrontational, and admittedly my comments are borne out of some frustration, but there are lots of very smart people out there looking for opportunities to make lots of money.  At least so far, they aren't buying.