Can someone explain to me why the share price is falling as we get closer to the target depth?
I thought it would be the other way round.
Seems to me that either you get in early before spud date, sell at spud and then hope they don't find anything.
No guts no glory.
I thought you buy on the expectation that they hit the jackpot and you get all the benefits. What's the point of buying in at 80 cents + once they announce that they have hit the SHG share of 100-200mmbl?
What is the downside? Tolhurst Noall says that the Wellington well isn't even priced in, all the domestic assets account for its current value. Upside, 1000%+.
I know which way I think it's heading and it isn't down. I guess we hit target depth in a few days time. A trading halt will do it for me.
GoldenBug
SHG Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
