The reality is with this cap raising and the FACT that there will be plenty of activity happening in the N.T with Santos and Origin including EEG it would be fair to say that the company has never been in a better position then where it is right now. They now have a bit of security behind them, no debt and financially can now afford to do some work to prove up what they might have in this very prospective area. Obviously if you choose to sell now you are not looking at the bigger picture. But that's the market these days. The market is a different beast to what it once was. Now, most are looking for the quick buck and when they have it, they sell and look for the next opportunity. The enticement for investors to sit and hold has been taken away, because stocks generally get pushed up and then pushed back down . As soon as a stock shows signs of coming off investors run for the exit gates and begin looking for the next opportunity.
I have no doubt that EEG will be a higher price in 6 months time and therefore I am happy to sit and hold for that duration.
EEG Price at posting:
41.5¢ Sentiment: Hold Disclosure: Held
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