Here's my 1.1-1.2c, so take it with a grain of salt...
Who remembers what happened when NWE went on holidays in Dec and re-commenced operations in January?
The price dipped almost a cent before recovering and then slowly drifting back down.
If anyone believes in history repeating itself, this could be the occasion. The only thing that could be lifting the SP in the short-term - and considerably IMO - is the gas lift mandrel getting out.
If one remembers, a working mandrel saw a 3.5mmscd/f [sic] flow rate, before - one assumes - breaking and delivering 0.6 to 0.9 mmscd/f.
I'm looking for a re-entry point at this level, and may stump up some more in the coming day or two whilst at such low volume levels.
I'm happy that PM has travelled to the UK. Wessex - as Tui points out - is severely undervalued! Watch this space.
I also believe there could be a lot more action in Perth over the coming months, which will aid the SP to steadily recover.
IMHO. DYOR. GLTA.
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