Ive held this since pre-Widowmaker....
Kept tabs on it, but don't comment too much...
Few thoughts:
Whilst loving the look of Double-Magic, and perhaps it is my ignorance, or incompetence, but I haven't seen the next follow-on project listed anywhere in any of the reports....
From WidowMaker to Zanthus to Yalbra to Double Magic, we have always had something decent on the backburner to date, but I haven't been able to see what is the backburner project this time round, should double magic be a duster.
OR Are we at the point its all the eggs going into one basket leading into drilling this time around?
I would of thought that stands to hurt the price/success of any CR negotiation... Would be good to know what could be the next thing after this...
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On timing of drilling, based on what I have seen of the weather north of Derby this year, with 2x and 3x normal amounts of rainfall.... I figure that could put drilling back a few weeks... maybe even into May.... unless it eases up soon....
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Outside the two downing points above, one beyond anyone's control (well unless your a conspiracy theorist thinking the HAARP facility in Exmouth is causing the madness...)
I am really impressed to see how the price has held up on little to no news through the wet season...
And I think that is tribute to how mean, lean and clean management have kept things over the last 12 months...
Such a low issue, tightly held stock... If DM does turn out to be a bona fide hit... well.... jackpot
BUX Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
