Well of course it could be, your not cynical. Unusual question if you know the game, maybe not that obvious to some. Could wait and pay more Or wait and pay less...same ol.
I personally would not be buying unless I believed in Davis Biggs, the new company, and Spain/Perth basin.
one of my biggest learnings was I was down over 60% and the coy changed MD, got a new play and bagged 3 fold. I sold at break even and missed out on 2 bags....almost 100k....I was looking in the rear view mirror than over the bonnet.
remember PRL was trading at .002-.003 not long ago....
May take some time to play out, but patience is certainly not the average ASX punters best trait. Hard to do when other stocks are booming though!
Personally, I'm happy to wait. DYOR and play your own hand.
Ann: David Biggs (ex. AWE CEO) to be appointed Director at EGM, page-35
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