ASX Today, page-11273

Spike, the 2.5c prediction was perhaps a little facetious.

I do wonder though what goes through the markets mind when the share price drops the best part of 30% on a "We have reopened the well" announcement.

Now, I understand the whole de-risking thing but the price has dropped to a soft 3.4c and I expect a red Monday. The recent CR was done at 3.7c, you'd think that would provide some support however they have been flipped and I'd say a lot of new holders have said "I'm not getting caught, like those LTH's, I'm out".

My early thoughts that a jump to 12-15c, settle around 8c, post postive flow rates, seems well off the mark.

The realisation that operationally in Alaska the long game is now in play, has quashed the rampant expectation, whereas the ASX prefers the short term rumour game.

As Dave said "We are almost priced like an option".

This share has been massively supported by PI's over the years, fingers crossed they see a return in the not to distant future.

Cheers happy Sunday team