Hey steven
It seems the only thing that will really get the sp up and to stay up is a detailed ann. of flow rates...Then and only then will the Market take notice...The announcements recieved this week haven't really done that much to deliver the confidence we need...If the rates are above expectation we'll be laughing, if not, well how long can we go ? Will the MAE dream be finished ?
It sounds like a broken record, but we need flow rates and we need them now ! If they have moved onto the 2nd well then why not release the flows of the first well ? If the 1st well took 6 weeks to flow and they intend to start up 6 wells, will we have to wait 6 months until all are flowing ? What will happen over the fast approaching northern winter ?
If gas prices are rising, will Helper be included in the new IRR, assuming one will be released following completion of all 6 wells being brought back on line ?
What will happen with the capital raising ? How much dilution will there be as a result ?
How high will the A$ go and ultimately reduce the sale proceeds ?
Questions questions...will we get answers ?
Recent purchases...@ 17.5c then sp fell back to 16.5c...@ 17c then sp fell back to 16.5c...@ 19.5c now the sp is 18.5c...although my break-even is now 23.5c I just can't win with this stock...As time goes by I'm admiring Jeepers courage and conviction to sell just that little bit more...
But it's been too long to bail now...although I have seriously considered it, many times lately...1 more week, then maybe another
All the best
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