posted by (Varuka) 7/05/13 last week
a good call based on the iceberg order apperance and the delays in getting the BOP .
another lesson to remember for my trading diary
Here's my tip (based on nothing but scientific gut feel - :-) ) - CR on the way and somebody in the know is getting out at these prices (to get back in at a discount). I know the last quarterly showed some good cash but BOP and operating system alone will set them back $1M plus.
Drill team, accomodation, etc. etc. ...... one more delay of some sort and we'll see a CR BEFORE drill results imo. Hope I am wrong but suspect the worst (ps. have no confirmation either that BOP is on site yet - BOP was still manufactured a few weeks ago...bit more complicated than baking scones!). Hope I am wrong!!
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