ICN 0.00% 0.6¢ icon energy limited

18% drop in 2 weeks, page-14

  1. 1,549 Posts.
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    future will tell. nobody is able to predict the future test gas rate. Can be exiting high, can be a desaster because the frac has gone technical wrong or whatever.
    The test rate will influence the share price for a short while and then it will go down because there is no second well already drilled, ready for testing.... Perhaps somebody wants to take over and the share price will go up again, somebody will start to short
    Long term picture: I hope they are able to establish an economically shale gas production in the cooper basin within ICN asset. So I will buy happily more if the share price crashes because of short time events (like a wrong applied frac) and short time thinking
 
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