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88E - Family to hold for a year or till drill?, page-4

  1. 1,414 Posts.
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    Mr. D,

    The way I see it you can buy more and sell pre announcement at pretty much the short term highs. This means you will cop the capital gains full wack.

    I would be inclined to buy now and hold until at least next year to get the CG's discount. Also presumably the price will be higher next year as we will have flow tested and will be drilling delineation wells to sure up our acreage. But if it gets to this stage I wouldn't suggest selling at all. Thats where the real money will be.

    But do remember there are still risks.

    Good luck!
    Last edited by aussie155: 11/04/17
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