Absolutely agree . low risk oil play( non conventional oil ) 3-5...

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Tetris83

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12/10/18

05:00

Post #: 36094357
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Originally posted by invertedva ↑

Don't forget the closer it gets to 5.4 cents, the lower the incentive to flip. Alternatively, if you can only make a few percent on the short-term play, it becomes more attractive to speculate on a larger capital gain. And the longer investors hold (and do more research), the more likely they are to hold. Especially with such good asset backing of the current share price, and with catalysing drilling only a couple of months away..

Personally, I am very excited about CE1. I stumbled into this via TSV, and feel quite grateful. Its quite common to find microcaps with huge upside, but rarely do you have a reliable way of valuing prospective resource (i.e. pre-flow tests). CE1 is completely different, given the vibrant land market in North America. For me this is about as low risk as you will find for a share that could be a 2-5 bagger in the next twelve month. But as with all exploration plays, there is risk. So do you own research.

I think all this also explains why the sell off is so mild compared to other microcaps after a large capital raising. Either way, it wouldn't bother me if it hovered around here for a while. The drilling programme will flush any predators out of the wood work, if only to acquire an initial (pre-takeover) stake.

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Absolutely agree . low risk oil play( non conventional oil ) 3-5 x in 12 months if your patient.

CE1 Price at posting: 5.3¢ Sentiment: Buy Disclosure: Not Held
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Absolutely agree . low risk oil play( non conventional oil ) 3-5...

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Absolutely agree . low risk oil play( non conventional oil ) 3-5...

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