Realistically - there will now be a period of silence from the company (aside from statutory accounts and AGM-related announcements) between now and the end of October. In my view, about 6 weeks ahead of radio silence. Come end of October, and early November, we will start to see the postbox fill up with annoucements: rig mobilisation to Pad2, pad works, A2 remedial works (service rig mobilisation to A2), offtake confirmations, etc. That silence may see the SP drift a little (general trend back up, but with pullbacks and lulls) and will offer good buying opportunities. My view is that we will trade in an upward channel to about 5 cents by then. Key question for the next one or two sessions is the volume: if it drops off, we go into a lull. Hopefully there will be a bit of media overnight and we will see a second wave later and tomorrow.
MAY Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
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