well, I decided to sell my grko today for a few reasons... and one of them was for another company... but mostly, I was doing some serious research on Backreef over the weekend, and reading some snipets/sentiment from directors, and now I think the big push the heads need to get the options in the money is much of a risk for the return for it to be a very smart investment that i require... It could still work, but seems that if successful backreef probably won't flow enough to get the market super excited... I could be wrong... look at the mini flow rates ctp had...
In production the oil will be stuck in the stem of the well and needs a pump to bring oil up... backreef is also about derisking other targets in the region... so it is yet to be seen what impact this plays on the share price prior to backreef...
There has been stuff all volume, the heads have fallen .2 of a cent... and ive decided to move on... I'm going to be watching this closely and hope all goes well... onto the next...
.^sc
GRK Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
