To be honest, while very disappointed yesterday, I can see some positives.
There is gas and a second well is being drilled. The absence of pressure is a mystery that will be solved - and probably sooner that we all think. Probably sooner than we all think - it is in BNL's interest to give this priority.
The market reacted as it should have BUT it overreacted to a very large extent.
All shareholders would not have liked what happened yesterday - I know I didn't.
However, a glass half full attitude is what I am following at the moment. I won't give my shares away at the moment - there is still way too much upside potential over the first quarter of 2024. Panic is never a good strategy with investing - and I can't see any need to panic based on yesterday's announcement. SP will recover and the current flow issues will be rectified (maybe in time to have a second well in place.
BNL Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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