Yes, good result but I'd forget about a breakoutGive it a couple...

Yes, good result but I'd forget about a breakout

Give it a couple of days and we'll back to 1.00-1.05 range

This is a slow accumulate leading up to ~June/July 2008 at which time the bulk of punters will start getting set for Bazzard, pushing the sp up to ~$1.50+ imo

Then its a gradual process of locking in free carry and taking profits at various stages of the drilling.

Given the upside to STU is ~$5.00/sh if Bazzard delivers, and the small amount of shares on issue, it will fly if there are any oil shows.

I will feel robbed if I dont make 100% on STU in the next 12 months

But for the next few months we will languish ~$1.00/sh with little or no volume