It is hard to believe after a day like that, we actually finished in the red. Looks like those excess CR shares from the instos to me, they likely took the opportunity to sell on the interest and higher volume expected from the announcement. It is also likely a couple of the retail pump guys from a couple of weeks ago (who strangely didn’t comment on the very positive drill plan update) took the opportunity to take a profit as well. A combination of the two means we finish red.
However, the positive is that drilling is a step closer, the late Feb timeline is still on track, the additional drilling looks fantastic and cash in the bank! Plus those who exited and took the short term profit will likely want to re enter and get involved for the next uptrend. Greed is a funny thing! They will probably want to flip again, but who knows, maybe they won’t be so lucky it pulls back again for a cheaper re-entry. Perhaps with the excess CR shares sold now, there will be less resistance. They could easily miss the boat if they don’t re enter soon imo!
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