re: Ann: BUR: Wilcox drilling campaign commen... hi jci agree....

re: Ann: BUR: Wilcox drilling campaign commen...

hi jc

i agree.

hence i would be expecting a couple of weeks of sideways for us now, with some quiet off screen buying.

probably seeing some BESBS traders exiting, coupled with a bit of accumulation by long termers.

i see cygnet capital have reclaimed them as one of their "companies in focus".

while i have my reservations about cygnet, i can only think that it will mean more exposure and more long term holders.

to their credit, cygnet did back the right horse on one occasion (Pure Energy Resources, a CSG play which defied the Global Financial Crisis and got swallowed up by BG)

if NSE manage to prove up Goldwyer, they are likely to be the next PES type success story.

PES went from 19c to $8 in 3 years