off topic ... IMO short selling alters the visual, not the reality. Even if sold short publicly on the market and covered privately off market as per T4P's method, at reporting time there remains a fixed number of shareholders, holding a fixed number if shares entitled to a set fair valuation. However, it will alter a retail holder's position if it is used to scalp 'stop lossess' ... too often a stop loss is simply a traders target, nothing more nothing less.
on topic ... IMO CTR trading reflects the cautious uncertainty of CTR ... it could go gang busters, it might be gouged, it might fall back into the incompetent drilling basket, a clause re 70% entitlement might be defaulted, the locals might take (and demand) a greater interest etc etc etc. And this uncertainty will be endlessly fed if there is no real news ...
IMO that uncertainty would be significantly diminished if CTR issued a definitive timetable re its activities eg :
1 month ... commissioning of x bbls on-site storage
2 months ... settlement y bbl off-take on the basis of a,b,c specs
2.5 months ... conclusion all pre-drill approvals
blah blah blah.
now a timetable like that would IMO add 1c to the discussion dam near instantly.
but alas ...
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nice [email protected], page-41
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