I'm getting a bit anxious waiting for news too. I think a lot of people must be, after becoming accustomed to bad news, and delays in news indicating bad news to come.
This month and last I've topped up pretty heavily at 7.5c, average buy now around 11-12c. Looking back over the last 12-18 months it's not difficult to see why this stock is very unloved, but if we do get anything in the vicinity of 2,000 from this well the immediate upside should be decent, and it will indicate a rosey future. I wouldn't be surprised if a great result won't get that extreme a response from the market in the case of good news (too many holders must be desperate to get out and too many on the sidelines must be very reluctant to touch PYM now). In the longer term though, if the fundamentals are good the love will come, so good news should present a great buying opportunity for those who are watching and not easily spooked. Of course, if this well is crap we're going to be pretty unhappy! :P I'm still quietly confident (foolishly? :P ) that the land is good and PYM just needs to learn how to use a rig :P
Definitely a big case of high risk high return.
PYM Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
