Interesting situation. You’d think low 7s is the bottom, unless Zapato turns out to be a dud, but this isn’t seeming so likely.
If I was more of a risk taker, it would be a good opportunity now for a half decent top up, knowing chances of a bounce are pretty good within the next couple of weeks.
I’m sitting on 1m shares (unfortunately at a 10.5c average) so I feel like I’ve taken enough risk already. But then again, fortune favours the brave. Decisions, decisions…
Ann: Zapato-1st Drilling Update and Option Expiry Reminder, page-42
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