TSV 0.00% 0.8¢ transerv energy limited

Hey C4, I guess the saving grace for all of us is the...

  1. 637 Posts.
    Hey C4,
    I guess the saving grace for all of us is the liquidity.
    The fact that 3 million shares can be sold off means there are buyers prepared to snap them up and hold them.
    I would be more concerned if there were a huge level of unsatified sell orders.
    Personnally I don't see this weeks announcement as the biggie, that will be at the end of a successfull frac program.
    While target depth is a milestone, the gas is there and the market knows it, successful fraccing will see a nice increase in SP in my opinion.
    As for reaching break even levels, i bought my first parcel at 4.1c so i know where your coming from.
    I was lucky enough to get plenty more at 1.5c to average my position down to 1.8c.
    Its a shame to have to chase the average but i was more than happy that 1.8 would be made again and broken when picking up the 1.5's.
    I'll be happy again to get in now even though my average will be pushed out to about 2.2c, we surely must break through the 3c barrier during frac?

 
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