Some people around here don’t appear to like me pointing out the value of doing full and due diligence before committing funds.
I am not saying don’t buy these shares just do so with all the relevant information.
In this case BUY has other interests and I think they knew what they were doing when they turned their back on the PEP11 project. As I said before I don’t see much room for down side for you at your entry level so you should be OK.
If the PEP11 is run out again I suggest you watch it closely and don’t be too greedy.
Some terms you may wish to familiarise yourself with.
From D.B. On the cusp. Read 8-10 years at least!
From the oil and exploration industry in general: Time frame for something to happen around twice as long as they originally predicted at least!
Long term investor: One that either got too greedy or took his eye off the ball and saw the share price fall by 60-70% and could not bring himself to sell out. My name for that one is expensive arrogance and there is a lot more of it about than one would think.
Sophisticated investor: One that has lost all his money!
Best of luck to you and your fellow investors.
Cheers and very best regards: Andy
BUY Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
