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10,799 Posts.
204
11/06/08
22:48
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My 2 cents
Have had been trading DLS since about 1996 and sold out last year at 16c so did ok over the years.
I also remember when Dixon was accumulating he was paying about 6c at the time.
These guys are masters at riding the market and my take on his selling is he think this is as good as it gonna get for a while.
Ive been trying to value DLS since 1996 and I would not be paying any more than 3 - 3.5c for them at the moment.
To make money on them at this price you will need a discovery or even much higher oil prices.
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