May Chart, page-11081

Yeah fair enough LongReach but those two big red sell down candles are thinking otherwise.

As you know I know zilch about the fundamentals and really don’t care but is the market expecting any near term catalysts or pivot inflections from the drilling /testing or whatever they’re doing?
I ask this because if as you say things have been strengthened then the market might be saying that the timing might have been stretched out and they’ve lost patience?

Personally I’m watching closely for any signal of it reversing and I always prefer to leave it for a few days after a significant announcement but you being a voice of reason, why do you think the SP didn’t approach recent highs and it’s been sold down hard since the announcement if things fundamentally have been strengthened?

Cheers.