GLL 0.00% 1.3¢ galilee energy limited

back in right direction, page-45

  1. 1,826 Posts.
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    Hi ralphmouth,

    take these automated websites with a grain of salt. One day it will be sell, next week a buy. They will generally tell you to sell after all the selling has been done, and tell you to buy after the market has peaked. Sentiment will change in a flash.

    I think investors can't be bothered waiting another year for dewatering after the well has been permitted and drilled, which could be months from now. The market is re-rating downwards to reflect the longer amount of time it will take to book reserves. But if reserves come through, it could be a monster
 
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