more good news and its down we go, page-12

I agree its pretty frustrating Mangels .. and I suppose it depends on your entry price as to whether ESG are underperforming.

I don't think you need a top flight QC its not that sort of problem .. anyway OJ got off and I reckon he was guilty.

It’s all about your frame of reference. If you look at daily and weekly data the share price seems to move in a staircase pattern up a bit then sideways, maybe down a bit ... rather than a nice smooth incline. Look at monthly data the noise is less and the upward trend more consistent.

Spin aside, I think most posters would agree this exploration license holds a lot of gassy coal, and while the company's not brash - it is well managed, and they are proving significant reserves. Yes, they have run into delays dewatering the first production field, and they need a pipeline and more demonstrable markets.

Its plain I'm a 'true believer' and that colours most of my posts .. but put simply I hold this stock because;

a) I can afford to wait around, and
b) I believe at the minimum they will see a SP above 2.00

(after few drinks I'd admit to more).

Of course if that was going to take ten years to achieve then I'd also be reviewing my holding - but in reality I think this play will be over sooner than I'd like. I'll continue to wait cause to me it's a seem a safe bet .. and as was suggested the other day .. you can get awfully stressed out chasing the next big thing.

Finally, if I can labour the legal metaphor further – if I stand back and objectively weigh the tone, meter and depth of discussion held on these threads. I don't see a lot of vacuous spin - sure you get some excitement and some bravado … but for the most part it’s underlined by a serious discussion. The wider market’s focus is so diffuse its behaviour is impossible to fathom and betrays true herd mentality .. but those really focussed on this stock are akin to expert witnesses .. or even a jury of your peers. Now if those voices seem sane then it’s up to you if their councils accepted.

What do you do? That depends on YOUR frame of reference. At the end of the day you have to apply your own judgement.


Good luck in your decision.. I hope we're both right

sg