You could say the same for holders could you not...that their biase is positive and will therefore focus on the good news only to further their interests...
But to their credit I see even some holders expressing some negativity also. At this stage I can't see anything in the short term (2-3 months) that will be the catalyst for any price rise ...Appears almost all drilling is on hold except for the flow test at MT kitty (assuming that does not get cancelled). Personally I'd be surprised at any major change in the detail on that front.
Perhaps the only flicker of light in the tunnel could be Santos committing to Phase 2 of JV ...but is it a light in tunnel or approaching train. Depends what the seismic has turned up I guess. As I can't see them committing on the back of MT Kitty results thus far.
All is IMHO DYOR to confirm.
PS: Btw I was on the cusp of re-entering this week (even had some buy orders up on screen) but now realise its best look elsewhere for opportunities until more clarity appears. I still think it will drift sideways for some time until a catalyst either bad or good breaks the stalemate.
GLTA Holders. FH
CTP Price at posting:
37.5¢ Sentiment: Sell Disclosure: Not Held
