the low of 16.5 was just a few shares, so my POV is that the real low is 17, the low where the real capitulation occured.
17.5, close enough.
Cups definitely half full, but it will require patience for these restructure JVs to sort.
And i poed, in conversation, what say we get another 10m cash for the JVs, and was recived as well enough to suggest my guess was on the dart board, not the wall.
There will be an inflection of sentiment upward, when the indonesian jv is restructured, and we have the cash cow turned on.
Then onto our gas drilling. I had the sense that the deeper targets are in india, while requiring technical engineering, were of significant proportions.
Good entries today,
The market is an incredible efficient means of taking money from the impatient, and handing over to the patient.
When i think in terms of months?? to sort these jvs out, to say, game on, lets go drill for more gas,,,worth my hold.
cheers
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