you know the funny buggers is into play onto a stock such as this one when you see an order such as our last trade put onto market at 4.09 pm for 50,000 just to ensure that we close down for the day -
this can be seen as both a positive and negative- that being that it certainly seems like there is someone looking to accumulate this one at the 3.6c-3.7c range -
a much more low volume day as expected being a friday and also the fact that she has had a stellar week so far- especially with some interest coming onto this stock from the write up in the australian newspaper- the real test will come monday for me as it will be the start of the t-3 traders- will be interesting to see if there is a dump of those shares come monday or in fact a sign of strength with many holding for floq rates knoing that this company could finally start paying dividends for their long suffering holders when they were erh-
Ultimatly, I am staying in this one for the medium term whatever next week may bring. If it drops further I may look to liquidate some other better performing stocks in my portfolio to accumulate more WLR as I feel that announcement on progress at Socrates to date hs proved up that there is exactly what they set forth to investigate through drilling this well- In fact exceeding expectations-
Getting set in this one in the low 3's certainly gives me confidence that the downside from drilling updates seem to be at the lower end for my investing principles- I see many quoting what if this in fact becomes a duster than what- Dont be fooled that even though cash may be a little low at present times for this company- It is a company with a tiny market cap based on the land tthey hold in a producing petroleum base and we do have confirmation that there is oil where we are drilling- The question is in fact if it holds to be economical . Im prepared to wait this one out as I feel this one could really surprise the market with their ability to transform negative senetiment towards ERH into a success story for WLR for using modern technology to unearth more oil and gas from their tenements in Kansas City- Happy holding and accumulating-
Good weekend folks
ABL Price at posting:
3.6¢ Sentiment: LT Buy Disclosure: Held
