Hotrock Its been sliding sideways for a month and a half...

Hotrock

Its been sliding sideways for a month and a half ???

Prior to that it ran from 15 odd cents to 29.5 in 2 -3 mths

The Sp was overpriced when the MEO bubble at 80c formed but has managed to retain 8 c of the overall gain off the back of updates and announcements in both NZ and WA ( 389)

It is well know on the thread that I am as frustrated as the next guy with the SP, but when you step back and see the actually performance this year its solid.

The thing now is the SP appears to have found a solid base at 23 is and looks good to hold - Its one of the few small cap oilers that have both cashflow and proven asset baccking

I feel shareholders need to wait for the first half 2010, where there are a number of key updates due. i think if they stuff us around in that qtr, Todd have taken their eye off the game. I still believe they wwill deliver on

Cash flow - Oyong Maari
389 Farm in update
Maari upgrade

within the quarter

Plus i have a free hit at 15% of Artemis should it ever fire


If you want frustration try tracking like this on TLS for 5 or 6 yrs , and then have the labor govt put a gun to the SP's head .


Just my thoughts anyway