ELK 0.00% 1.4¢ elk petroleum limited

boring, page-25

  1. 2,677 Posts.
    I think that you may have isolated the issue at hand. The RS report to many not on board is the falling knife and are therefore waiting to get on once they know the content of the report.

    others such as may sell have taken the but allbeit at 40c that the report will be positive confirming the uni of wymoning EROI 23m barrels as 2P.

    While that is a risk strategy that is good for some, the way I see it is that if a halt came through now and the RS is as many have predicted, the share price coming out of the trading halt will surely be at least 100% or more with those buying expecting a further 100% plus gain. so for those holding now we could be looking at 400% on that basis.

    given the evidence, to me I would ratther be in now to make a 400% than waiting and only get 100%.



 
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