IMO the SP movements should not be watched on a daily basis. This surely is a long term investment.
In previous years I made the mistake to go in and out, often the SP had run away. Since 3 years I kept adding whenever possible. Surely will not sell. However I keep watching the political developments in PNG.
Although I'm not a fan of Macquarie, I share their view, that this stock will be at $16 within 2 years (as mentioned on the other thread).
Reason:
2015 Income quadrupled
Higher dividends (as announced several times lately)
Extension of PNGLNG with P'nyang
Mananda
Taza
PRL 15 Elk/Antelope (and probable positive outcome of negotiation with InterOil)
IMO, certainly a stock LT!
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IMO the SP movements should not be watched on a daily basis....
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