I think you have answered your own question.
The pre spud trading action in oilers is very unpredictable and varies greatly for every drill.
Brokers targets are very unreliable and nearly always too high.
The key ingredients are a tight share register, a large drill target and hot money.
So with PVD we have the tight share register and large drill target........ but
the question is how much hot money will there be?
we have a bull market in swing, but with the oil price in the pits ... the spec money chasing leveraged outcomes from oil well drilling action is not pumping right now.
so with one key ingredient not up to scratch it is hard to know where this will land pre spud
so... I am hoping for more than 50c, but agree with you it is a good first target
Gosouth
Ann: February 2015 Investor Presentation, page-22
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Last
0.7¢ |
Change
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Mkt cap ! $19.66M | |||
| Open | High | Low | Value | Volume |
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