Very good discussion in this thread on the risk reward and ways to play O&G exploration. I have watched this story for a while but had $ tied up elsewhere. Recently bought in at circa 20c post the cap raise, just a $30k punt for something to keep the heart racing. Annoying to have missed the early gains but I’m a bit impatient. As others have said, play out the scenarios in your head and how you will be feeling if it’s a duster and at 5c vs its a ripper and 50c, $1, $2… now anywhere in between is the reality…
go subscribe to the next investors blog and see if the summary helps ease the nerves… The founder sent a note over the weekend describing this investment as similar to his first big win. And the similarities with this play. Definitely calmed my nerves to hold on for the ride. GLTAH.
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