We were over a barrel, and if we had not taken the deal...It would have all been over by now.
We have gained some time. But the risk has not diminished, its just moved left, even with the money.
A indication from SAM (WOF), would be most helpful in settling my confidence that's for sure.
Whilst certainly not pleased for myself or other's about my perception of the situation...I can see that the market isn't satisfied either, for if it was such a good deal, with hugely positive implications....we'd not be languishing at current levels....just a thought to place some perspective.
I'll be the first to jump up and say I was wrong....but this won't happen until after a drill, and shareholders reap the benefits, because until then, the risk will remain...albeit, the potential for upside may in time, weigh more evenly that risk. And Ill be back in the buy queue when this is the case.
Each person carry's their own risk tolerance and decisions.
WOF Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
