Ann: Cuba, Block 9- Installation of Appraisal Well Underway, page-157

I have a lot of respect for your TA analysis and commentary W3, but IMO I emphasise that no one, be it FA or TA based, can be absolutely certain of how the immediate future trading will pan out. And of course from what I can ascertain TA isn't just about the chart analysis, it's also dependant on a fairly rigid and disciplined approach to money management, so that over time there are more positive TA calls than negative calls.

I'm quite surprised about how today's trading (so far!) has played out, but I'm comforted by a few points:
1. TA-2 spud will commence early next week;
2. The results to be progressively released over the length of the hole, which should create a lot of excitement with traders throughout the drilling and flow testing;
3. A highly discounted Valuation of 21 cents by reputable financial advisory group Evolution Capital. Thus at ~ 9 cents MAY is trading at below 50% of that valuation. As the information unfolds from A-2 drilling (and A-3 later) the discount factors will be replaced by a more certain (ie less discounted) set of numbers.