Hi all,
I've been sitting on the sidelines for a while now as the price fall to the low 30's was so steep that that panic selling was clearly occurring, and I didn't want to stay short with panic sweeping the market due to risk of a share bounce back.
I note that the share price has steadily improved to around 50c a share on steady buying, with the low point being around the 11 June production and high impact update which showed the ongoing (gross) production increase trend. Well done to those who jumped in at the lows. I saw it being very oversold but didn't have the guts to go long because of my well broadcast views on fundamentals which I won't repeat now.
Next key information point will be the quarterly in a couple of weeks so I'm really keen to know other posters' (both the bulls and the bears) expectations for:
1. Gross and net production rates
2. Cash balance
3. Any news on high impact program?
Thanks,
Everest.
Hi all, I've been sitting on the sidelines for a while now as...
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