Questions like that make me nervous … talk of blue sky success should be balanced with talk of downside risk.
I’m in Talon because there is a better than even chance of flow testing success at Walyering. This alone would justify the current share price and cover off on all downside. If it fails, I would exit while there is some share price support from upcoming Mongolian drilling. But if it’s a success, I’m happy to ride out drilling on the other options (Condor, Mongolia, Ocean Hill option). If one of them comes off, it should multibag, but regardless the downside would be protected by Walyering.
TPD Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
