SYN 0.00% 0.1¢ synergia energy ltd

cambay-75 will be plugged back, page-42

  1. 364 Posts.
    just personally, I would not want to be holding around 20c when the day traders merry go round stops, having jumped earlier. It is not that OEX does not have sound long term prospects - it does. But legal issues take forever to resolve in Indonesia and farm-ins based just a survey take time to bed down, with the negotiating position hit with no uplift in cash flow. In the meantime you could take the pain and make a better elsewhere whilst this company spins its wheels. May be a traders toy for today, but a couple of large sellers around close could leave you high and dry. I would only ever pick this back up now as a long term hold (at lower price) or a free carry from trading profit.
 
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