TB will only achieve his $1.8 this week if he has PULLED A RABBIT OUT OF HIS HAT. Being that they will get nearly the full sum of $79,000,000US- IMO. As stated unlikely yet possible. My guess is he will get us the medium range being 70 mil and that will be a very good effort.
Factoring in 70 mil with Gene 1.... plus excluding all other oil and land I calculate this worth 7c alone. Any upside to this ANN will result in 8c+ this week.
For current assets and results I feel the ST price should be 10-12c now. Later in the year will be determined by the results of Gary, Rodney, etc, etc.
1.8 in the US puts us at nearly 10c- as predicted by TB after the property transaction is fully complete.
We will see- risk reward wise in the ST 7c was a nice punt to make an extra 50% IMO. If over 70 mil achieved then expect over 10c. Then many will sell off between 10-12c for ST gains. IMO. Probably keeping it around this figure for the ST. Well under 70 mil will leave some a little disappointed thus we stay around 7-8c. IMO.
Management proving to be winners and i am with them for the LT now- daily highs and lows I will take no notice of now. It a bottom draw monthly check up now or check up on each ANN.
Cheers
Jay
SSN Price at posting:
7.0¢ Sentiment: LT Buy Disclosure: Held
