88E 0.00% 0.2¢ 88 energy limited

I think the big boys are having to risk more than they normally...

  1. 3,076 Posts.
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    I think the big boys are having to risk more than they normally would at the moment to accumulate. Fridays action was showing just what lengths they had to go to, to cap the price.

    Brakes off this week IMO. Too much anticipation around upcoming news putting the third and final Achilles heal to bed.

    Once this is on the record (and DW has already given various +ve insights into this), then all risk of a non recoverable resource is gone. Bring on SP rerate at this time.

    So then its not about do we have a resource or not? Its about how much of a resource do we have and can recover? This will be answered shortly thereafter with the announced upcoming internal and external resource revision. Bring on SP rerate at this time as well.

    3D seismics starting in March to target conventional's. Possible purchase of existing seismics? News from these activities could pop at any time!

    Throw in a farm-in deal or JV with a mid tier/major and all hell will break loose!

    So there is just such an abundance of share price moving news that could land at anytime in the next 0-6 weeks, I think anyone wanting in but haven't done so yet, are bigger risk takers than those of us who are already set.

    All IMO of course
 
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