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clock Created with Sketch. 14/07/17
19:53
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Originally posted by sticktoproperty
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I rarely post on stocks but I'm in on this one and thought I'd atleast throw a post in, I missed taking some profits when we were in the 6s unfortunately a few weeks ago but I ultimately had a higher target for taking some profits, I was waiting for the 8s. (Selling at 6s and buying at 3s now would have been brilliant but I didn't have a crystal ball and it could have easily went to 12c) I was in a penny mining company a few years back and bought in at 1.5c and it went to over 20c on nowhere near the potential this one has when you compare the two stories and the main uplift in the share price at that time was due to a sale of proven land rights. It's disappointing to be back down in The 3s but this thing was 6s on hype without the flow results so certainly if the shut in works it will multibag from here and even if doesn't as DW refers to the site, it is an Asset and there are other options so it may go further backward if the shut in doesn't work and we may have to wait longer but eventually I think we will come out on top. Neighbouring sites have been a huge success and the oil is down there so eventually we will hit. I bought some more to average down and I'm awaiting the next run, I think there will have to be some hype and anticipation buying and price rise prior to the shut it being opened as if she bubbles and people aren't in they'll miss the huge swing. These things can take years and I wasn't in on Icewine 1 which saw a tremendous multibag for the longer term holders but I'm in on 2 and icewine 3 if need be. Best of luck to all and hopefully we multibag from here very soon. STP
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Fantastic summary of where 88E is at. If you look on the internet, it's easy to find USGS surveys of the area confirming the oil potential. The question is - is it economical to get the oil out? All we can do is wait. The ASX today is quiet on 88E. No SP change and low volume trade. All is quiet on the Western Front.
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