Newjo it is not a given that it will rise next, it has reached a convergance point & will either go up or down based on what fundamentals happen next. for SP to rise either warro 3 needs to be deemed commercial or Warro 4 needs to be drilled & flow tested prior to June 2010. For warro 4 to be done in this timeframe 3D Geo survey needs to get approval, be completed & then location of Warro 4 selected. Quite a bit to do in the timeframe, not impossible though. I have asked the company for guidance on the likelihood of this being done in the timeframe but have not been responded to (a couple of weeks ago now)
Whilst there is continued support at 1.6 there is equally continued selling. In my mind 1.2 - 1.3c would be a more resonable risk/reward entry. There is nothing wrong with a LT entry at this point, It just may take the bones of a year before reaping reward. IMO capital can be better used until we have been given guidance on Warro 4. I will re-enter when time is right ( hopefully :) ).
As a matter of interest GDN still haven't called PB 1 & 2 abandoned even though they are tapped into an alcohol free brewery for months now. Not saying TSV management intend to string people along, but it is quite easily done, if they so wish. I AM NOT LIKENING TSV TO GDN.
TSV Price at posting:
1.6¢ Sentiment: None Disclosure: Held
