NSE 0.00% 0.4¢ new standard energy limited

drilling report 25th oct, page-25

  1. 626 Posts.
    Guys

    I was knocked out at 37 cents last Thursday, and I am now feeling good. Remember the share price went from 63 cents down to 42 during drilling, so my take is this, if the SP is 25c when they drill the second well, you can bet that the markets will take it down to 15-20cents during the drill.

    This is still a great long term play but I really think that buying now is madness, wait till it hits 20cents.

    Just my thoughts, nothing else.
 
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