Basic reasons for the slide over the last few days just about covered nearly all so far, but which is right.???
Has any one thought of the fact the world is a mess, the Dow is getting a hammering, the affects of this on the ASX in which we have had daily losses with the combination of no news on our BIG 4.
The world knows what we are sitting on the best acreage you can buy for a massive return. Lots of it to deliver good profits. Delivering a good JV partner but a minnow of a Terrace is mentioned and drops from the bid.
The SP has created a big turnover of all sorts of investors who if the SP drops can only afford to lose so much and become fearfull when current market conditions become volitile.
The nervous nellies are bailling but with losses on the board and more market volitility = a selloff. In comes a replacement crew of new SHERs who like the 1st will just wait and see knowing the good news is about to be delivered and if losses are not severe will hold.
Most investors before the buy know what the stock is at having kept a close eye on them and buy in at bargain times hoping a quick turnaround is on the horizon. If it gets holds and gets support from here before the end of May we are supposed to get the PB news then we wont slip away further.
The key from here is if it does and you can afford the wait and buy in further at RIDICULUS prices on offer and get get at bargain basement prices.
Between now and the end of the mth we will have results from Bowtie, we know we have good gas but we want the OIL in a reasonable quantity. The EFS drill currently going on for our 1st HORI also with a good flow will help prop the SP untill all the PD news is released.
Still sitting back on my other stocks to convert as soon as the sign is there and get the best possible buy in. They are in profit so can wait longer.
MY real belief is GGP When it sorts itself out and starts moving will be the one and only to be on to make a $ or 2 in a killing. It will run long and hard.
With some decsent cash I can see a very ambitious drilling program on the horizon. Back to back wells coming and the HORIS in place. SG will go all out to kickstart an upcoming MAJOR PRODUCER.
GGP Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
