Official Short-term Investments Thread

[roopi]

45% drop for NFK and no news out? I'm not in on this one but that seems like something has leaked.

[busdepot]

Panic selling is unreal today. I wouldn't sell yet. I may buy more today depending on where we get down to today. The sell off today is 1000% pure fear. I doubt there's a leak. I wouldn't be surprised if they haven't even perfed yet.

[roopi]

Good to see it has been halted at least.

[woodywoodford]

Has it though? 13c, I'm tempted to grab another few thousand shares. For those following it, what's the result if BHN-1 bunks out?

[busdepot]

I don't know why people are saying its halted? IIROC has nothing about it yet?

EDIT: NM, just saw it.

[woodywoodford]

Company: Africa Hydrocarbons Inc.

TSX-Venture Symbol: NFK

Reason: Pending News

Halt Time (ET) 12:28

edit: so it's not necessarily the end of the world, but results are delayed

CALGARY, ALBERTA--(Marketwired - Nov. 22, 2013) - Africa Hydrocarbons Inc. (TSX VENTURE:NFK) ("AHI" or the "Company") announces an operational update regarding its BHN-1 exploration well on the Bouhajla Permit in northeastern Tunisia where the Company has a 47.5% working interest.

The Operator, DualEx Energy International Inc., has attempted to complete three separate intervals of the Abiod formation. These intervals were chosen based on log data interpretations suggesting the intervals had the highest occurrence of natural fractures, higher matrix porosity and hydrocarbon saturations. Following perforating, attempts were made to inject acid into the formation to clean up the near wellbore zone and enhance the reservoir's natural permeability. The acid injections could not be completed suggesting the perforation of the wellbore was ineffective. As a result, the Operator acquired additional log data and is planning further diagnostic measures to ascertain whether the wellbore was perforated as expected. The wellbore will now be suspended while awaiting the arrival of wellbore imaging equipment into the country, which is expected within 30 days.

The operational issues regarding the completion will delay the evaluation of BHN-1 however the Company believes this unexpected result needs to be thoroughly investigated in order to resolve the problem for the next completion attempt if the analysis indicates the absence of effective perforations.

[busdepot]

shitty.

[quick_scar]

Just means it is a longer hold then I expected/was planning.

[bmeier]

news not that bad IMO.

news leaked, people sold then people panic sold.

i am holding, but i am playing with free shares so at this point i have no risk.

have a stink bid in at 8 cents. i tihnk it will bounce backa bit when trading resumes

[Akumaz]

NFK, it doesn't seem like its halted...

[sabad66]

yep definitely an over-reaction. absolutely no indication of a dry hole yet.

sucks we gotta wait yet another 30-60 days but oh well.

seems to be stable at around 12c so far after re-opening trading.

[bmeier]

Originally posted by Akumaz
NFK, it doesn't seem like its halted...

both were halted, news was released and now they are both reopened.

[quick_scar]

Originally posted by bmeier


Insiders got news, both were halted, public news was released and now they are both reopened.

Fixed it for you

[AudiPWR]

Glad I didn't buy into Dualex.. Holy shit! WTF happened?

[zzijian]

8.5 cents for NFK....time to buy more! I need a new car dammit!

[busdepot]

Originally posted by quick_scar


Fixed it for you

No kidding.

Odd that I joked when I said I doubted they had even perfed yet. Looks like I was right. Problem is they actually tried. How you fail to perf is beyond me really. I get that things can go wrong, but come on???

I need this to get back up to my break even so I can GTFO.

[ercchry]

Originally posted by busdepot




I need this to get back up to my break even so I can GTFO.

[sabad66]

Down 12g today in portfolio. If it wasn't for me taking this advice i'd probably have jumped off centre street bridge by now:

Originally posted by roopi


Nice to see you've made a large paper profit. If you haven't already I'd suggest you sell enough shares to cover your original investment at least.

So thanks again

Anyways i'm gonna hold my shares til the bitter end... no point in selling at 9c NFK/11c DXE IMO. Might as well wait the 30 days and see what happens. Easy for me to say though since i'm free rolling. Hope the rest of you didn't lose a significant amount of your own money.

[roopi]

Originally posted by sabad66
Down 12g today in portfolio. If it wasn't for me taking this advice i'd probably have jumped off centre street bridge by now:



So thanks again

Anyways i'm gonna hold my shares til the bitter end... no point in selling at 9c NFK/11c DXE IMO. Might as well wait the 30 days and see what happens. Easy for me to say though since i'm free rolling. Hope the rest of you didn't lose a significant amount of your own money.

Glad to hear this worked out for you. It's too bad about the 12k 'paper' loss however you saved your initial investment and the visit to the centre street bridge.

I saw this stock tanking today and I can only wonder how shady it is that news was leaked.

[busdepot]

Originally posted by sabad66
Down 12g today in portfolio. If it wasn't for me taking this advice i'd probably have jumped off centre street bridge by now:



So thanks again

Anyways i'm gonna hold my shares til the bitter end... no point in selling at 9c NFK/11c DXE IMO. Might as well wait the 30 days and see what happens. Easy for me to say though since i'm free rolling. Hope the rest of you didn't lose a significant amount of your own money.

If you're in for free, ride until the end. Haven't lost a lot really. only a few hundred as at .10. Still a SPEC play. We'll see what next week holds after people get some rest over the weekend. Thankful that I didn't buy more earlier today, thought about throwing a stink in at 15. Good thing I actually did some work instead