into the unknown

There's been many reasons why the share price hasn't risen over the last few months:

1. July delay at Longtom.
2. Capital raising.
3. Rights' issue.
4. Short term traders thinking they could make a quick buck
on Longtom coming into production.

But now we're into the unknown. There's no deadlines, no timeframes. If the share price starts to move up it could be for any number of reasons:

1. Market re-rating the stock.
2. Instituations buying.
3. Crux farmout.
4. Echuca Shoals farmout.
5. Takeover (a greater possibility now that Longtom is de-risked).

The reality is if the share price starts to go up people are going to assume a Crux farmout is close and dive into the stock.

But before that can happen there's probably still a stock hangover from short term traders and disgruntled shareholders to be offloaded onto the market.

I wouldn't dream of selling at the present price because I think it will start to trend up within the next few weeks.