RIA 0.00% 3.3¢ rialto energy limited

0.205 getting there soon 10c, page-9

  1. 1,957 Posts.
    Pathfinder. The SP falling below its recent low of .20 cents could generally happen at this time for 3 reasons. 1.) the markets tanked. 2.) bad news came out of the flow tests. 3) further delays and no news. It turned out it was the last one. Unless you knew the content of the flow tests, or were somehow privy to the delays, you could easily have been off mark. So your guess was right. Should the anouncement had been earlier and good results, SP would have been much higher and your guess would have been wrong. Did you have enough conviction to go short back in the .20's. The way this program has been handled is atrocious IMO. The volumes are small in comparison to the number of shares on issue. Although thats positive at the moment, it will exacerbate the problems we will have if results are less than market expectations. What is your forecast from this point and reasons why?
 
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