Hello all
Decided a few weeks ago to take a punt on amity with frac program at whicher beginning...lots of blue sky potential. Frac program appears to have had quite a few problems, with break downs etc. Market will react if whicher is a no-go so I decided to sell this afternoon, albeit at a loss. Amity, in an announcement made yesterday rergarding yearly results stated that they would hjave right-downs of around 8 million if whicher turns out to be a dud.
I believe, and this is my thoughts only, that this is preparing the market for bad news. I also think that the drilling in America has been scheduled to offset any potential negativity that may arise from a poor outcome from whicher.
To those that hold I hope you do well. These are my thoughts only...I could be wrong. It's not looking great at this stage though.
cheers
Doyle
AYO
unknown
