Seems a bit of a silly way to trade this one. Everyone knows that when the company says 3 months they mean 6, and the expectation is that they will be "moving oil' by the end of the year. September was already flagged as the release timeframe for Sherritt#1, so your two months takes you into mid October, which - using that "double the time" rule - means that you will probably be selling the day before the company announces rig mobilisation to Pad#2.
This is currently a "buy, close eyes for six months" trade. Two months is too short, IMO.
Kit.
(As @No4sighttrader what he thinks: I am sure he is selling every day between now and then as well).
MAY Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
