I'm not sure today was a new low...in fact I know it was not. Got to 50c a few weeks ago. I am happy to wait. I'm not really a trader...interferes with my other hobbies. I actually have a long term view on this one, as do a few others on this forum. MJS I believe is one of those.
They need a bit of luck with their major wild cat drilling, but assuming that happens (and let's face it, Schwing #2 could be the catalyst), this stock could go to some lofty heights. I figure $350m annual revenue and we could be at $10. I know that we are a long way off that sort of revenue, but it seems to me that they just need a bit of a tail wind to get them going.
If Schwing 2 is a $1b resource (100%), and that next wildcat in that particular programme is 8 times that, then we really just need those two resources to come home, and I think we might be at $10. Simple as that...lol.
You see I am not too concerned about the 70c or whatever; I am focussed on the $10 !
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