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Anyone watching SNRV
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[QUOTE]Originally posted by jagman925: [QB] For the past few days SNRV keeps rebounding to .15 or a above keeping the RSI abover 30. Looks like there is enough support at $.10 to satisfy a reversal triggered by an over sold situation. Now, if Nat Gas will just keep creeping up above $3 we'll have the perfect storm. It's not about 'if', it's about 'when.' I'm buying another chunk. Everyone I've talked to is watching this stock. Quote from the CEO: "As you can see, the only “negative” change relating in any manner to the value of the assets of the company is the price of natural gas. The positive changes and decisions made by management should have more than offset the drop in natural gas prices. The real question is: Why the precipitous drop in share price in the open market over the last year? Essentially, what or who is affecting the stock price? Why hasn’t the market responded to the value of the existing assets and the positive actions taken by SNRV? I suggest the problem may be psychological in nature and not related at all to the true value of our assets. Let’s first focus on Colfax County, New Mexico. Approximately 300 square miles of land we OWN! Truly, our New Mexico holdings are very large indeed, my children might even say monstrous. And we have a wide assortment of rights including gold, timber, rare earth elements and metallurgical coal. I know you have heard us talk about monetizing these rights over the last year. Frankly, not a day goes by without me discussing trade terms on these assets with a host of suitors. It is just a matter of time before we are approached with a trade that management believes is a “deal” we can accept. The properties will only appreciate in value over time and punishing our stock price because we are cautious and thorough seems nonsensical. I expect us to get trades on both our gold and coal, but I expect them to be on the most favorable terms we can arrange. Hurrying this type of transaction should be viewed negatively instead of vice-versa." [/QB][/QUOTE]
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