finally some mention of focus ranch, page-3

my belief is that it is just people moving money out till the next drilling season. I jumped the other week for the same reason, with a look to get back in before next season.

turns out they are expecting one more result this year so I went a bit early in that sense, I thought they had finished.

I dont think there is anything wrong with the assets or team, they look promising. I just decide to risk minimising a loss.

of course I risk the chance of missing out an event such as a takeover/jv etc that could pump the price. thats the gamble.

However this is fast approaching the figure I had in mind to get back in, so A bit of a dilema there. I thought it would just be a slow slide over the next 4 or 5 months.

With their land position, they are probably starting to look attractive to some bigger fish around this price. how many times have you seen a offer come in at a supposed premium to the current price, when a company is at its lows.

a 45% premium to the current price is still less than what I got at at the other week.

my sentiment is none, but its getting harder to stay out at this price