Great close , highest close and closed at highs which is always a good sign. Seems like a rerating has started. Current spot would value this in the 80s and higher with drilling success ( not suggesting it's headed there short term) but I do think at the very least is should be trading in the 50s
Todays trading was a confirmation of consistent buying , measured and steady - insto style. The close ( above highest close post results ) also confirms it's set to go higher. I still expect mid to high 40s within a week or so and consolidation around the mid 40s before it moves to the 50s when drilling commences within weeks
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