Most people bought into BUY of its PEP 11 not Wakefield1. The reason for stagnate price reaction. Although success of Wakefield will give it a small boost, and at same time unsuccessful drill at Wakefield will probably do very little on down side.
What BUY needs is an announcement on its PEP 11 (any good ann. will do), people not holding BUY are not convinced yet (why price is not going higher), and people holding BUY may lose patience (consolidation @ 11-12 cents). The timing is very important, for all sake hope managemnt can pull this one off quickly rather than late.
I have been reading HC post and people are stating that PEP 11 announcement will come out in 3 weeks time, dont know where they pulled that one out from, but hope they are right.
The Rig tender has been out for 4months now, and we all wait impatiently!!!
PEP 11 is the jewel in the crown..... for all holders of BUY, MMR and Advent.
chomp, page-15
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