Well, the way I see it, tomorrow or indeed soon after is the time to decide whether your going to make a dollar or a fortune. It's very hard to decide do I wait or do I jump in? What if all those hydrocarbons are just scattered and not commercially viable, what if the several traces of oil are exactly that...traces...if I wait will it be too late to get in ?
I find the best way and only way I can stay sane is to look for value on a $1000 example.
sp 3.5cps
Buy $1000, no commercial oil or gas = sp approx 1-1.2 cps (loss 70 %)
Buy $1000, find commercial oil and gas = sp minimum 10 cps
(profit ~ %300min.)
Now you have to weigh in the likelihhod of fining oil/gas. Some believe its now an 80 % chance. Lets say its 70 % to be conservative.
So chances of losing 70% are 30 %
and chances of gaining 300 % are 70 %
Multiply these out and risk reward ratio is 2.1 : 21
or 1 risk : 10 reward
And my decision to load up tomorrow is made a hell of alot easier.
Gl all
IMO
- Forums
- ASX - By Stock
- VIL
- decision time
decision time
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VIL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online