Who know whether 1 cent will hold. I'm only good at seeing value (which is different to price). I see AWD being excellent value and I expect the SP to go up significantly as:
* they draw down the first tranche * book the rig, drill the well * measure the gas (notice I said measure not find, the gas is there) * tap the gas to the gas plant.
In the mean time the the SP may go up, the SP may go down, but ultimately it will be well north of 2 cents (IMO)
AWD Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held