the hunt for green october

the gallagher announcement is crucial. and its just around the corner like a silent submarine.
we are seeing bets going each way. we've all made ours.
if usmanov takes the second tranche (at any kind of premium at this point) i'm v happy. $1.50 is my best outcome target.
our assumption was this man and his people will thereby vindicate srk's assurances of a D+C claim dismissal, the value of the projects and faith in management.
the only thing that has changed since the first tranche is the purchase of full ownership of our bankrolling phase 1 projects, the current irrational market phase and the sp.
gallagher obviously did their homework before. as long as they've got the cash, why not get some more stock at a cheaper price for the same fundamental reasons?