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10:27
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Originally posted by chickenliddle:
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I don't see any reason why the board would be selling, they are likely to be privy to information that we are not and are likely to be banned from selling or buying at these times. The board will announce its future drilling plans on Tuesday, whether to come to fruition is still another matter, obviously we still need our partners to come to the party or we need to go it alone on Zevon. The board must realise (well I hope they do) that the share price can only go down further from further inaction and waiting on hesitant partners. I would assume any sensible board will have a plan of action. That would lift the share price, especially if it's a direction where we are not hobbled by our partners like Santos. It is when we start to drill that will lift the share price, so at these prices it is extremely cheap. So whether you buy for the short term or the long term I still see this as something that could produce a tidy profit on.
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The last quarterly will tell you their drilling plans, you wont hear nothing sensitive that hasn't been released to the market.
