spudding next week, page-22

re: psa direction? Hi Pip1, If I could accurately answer your question I would be a very rich man!!

The expectation is that tomorrow will bring some selling pressure as those that got shares in the recent placement have the opportunity to trade then for the first time.

The contrary view is that those shares were issued ahead of the success at Vermilion so the new shareholders will hold or top up thus putting upward pressure on the share price.

I don't know which way it will go but I am in for the long haul so I am not too concerned about short term movements. My target is at least $2.00 by years end though with success at China this could be achieved by the end of Jan!!!

Depends entirely on what your trading philosophy is as to what you do with your current shares. My strong view is that you let the winners ride and cut the losers asap. So if I was you I would be holding. But then I am not you. Any weakness tomorrow would be a terrific opportunity to top up, not sell.