All depends on the volume & results. High vol. closer to production date tends to push the price up. We've seen the first run up & pull-back for the drilling results.
At some stage, say 7-14 days time, the second run may b possible IMHO, all in anticipation of the flowtest results. Not sure how high is high.
Thumb-rule, always use stop-losses with micro-cap stks (mkt cap < $50 mil) as they are all cyclical, frm a trade perspective.
Longterm picture may apply depending on their overall finances & future plans. They have $4.7m cash & $14 million debt & over 1169.55 mil shares on issue & costs aren't too high for this well, so I'd expect a pull-back, b4 the nxt run.
SSN Price at posting:
2.7¢ Sentiment: None Disclosure: Not Held
