I have not heard Colby but I read the presentation.
We have a few months to when we get to vote on this.
A few points:
- Up to when this happened we were generally lucky to get past 17c, - 19.5c or 20c today is better
I know everyone says were are worth more, but that is not what the market has been saying for a long time.
Within the next couple of months we will: - Find our more re Mongolia wells, - Find out more regarding Mongolia structure - Hopefully STX SP goes up because of Walyering coming on line, - Hopefully STX share price goes up because of SE
A lot of the "No's" will go away if we get to give or take 25c, which may happen in the next couple of months.
So my strategy: - I cannot see us going lower, - there is few good reasons why we might go higher
This may become a good deal, is not currently but maybe in a couple of months.
TPD Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held