gone to sleep...., page-7

re: gone to sleep....for pip1 Well if it is of any help, I have a few more PSA than you do and will be holding through the China drilling campaign. For me PSA is very much a longer term investment so I can withstand a drop in the sp short term if China doesn't live up to expectations.

I did the same during the second round of drilling at West Cameron. Do you recall PSA dropping from 95 cents to 65 cents in two days when #14, a piddling little sand, was a duster?

That little plunge knocked $150,000 off the value of my holding but they bounced back in short order and now I am back well ahead. You just have to know how much gut wrenching movement you can put up with!!!!!!

PSA is a much stronger company now that Vermilion A is commercial and profit result should give shares a good kick along. PSA is going to remain fairly illiquid until it becomes an ASX 200 company and attracts greater institutional interest.

For the moment sentiment still seems to be against the company perhaps as a result of the pain it inflicted on many brokers and analysts in the late nineties. That said , a 400% gain in 12 months is not bad by any measure so its resurrection is well advanced. When sentiment becomes more positive and if China delivers PSA will fly.