Steady declining SP/ steady ascending ASX, page-7

This is the capitulation where sentiment overrides fundamentals.

The news flow has dried up, the monster play that took us to 20c has been deferred to 2021 and the farm outs, expected to be negotiated this year, will take some time to see results.

Fundamentals are being overlooked. NPAT of $16m per annum being ~20% mkt cap, the majority of production on GSAs means earnings are holding with the fall in domestic gas prices, Range free carry - with a proximity far better than Central Australia.

I didn't expect the price to come off this hard, but now aint the time to sell - its the best time to buy. Punters are giving up - the hot copper posts are proof of that.