Haven't posted here for awhile and I am in good company.
A funny thing happened the other day. As some may know I think this company's leases have some potential. And I do like to buy straw hats in winter etc. So two days ago I put an order for some options at .03 cents, which is either cheap or dear depending what happens in the future. If Iran goes all agro and the Karoo leases get the go ahead it could look very cheap very soon.
So I placed an order and bought the 40,000 sitting there that noone wanted and didn't expect to have to find much money for weeks. But within 5 minutes the order filled. Today someone had an order at .03 cents sitting there all day and got no shares. Don't khow who was the lucky one yet.
Some good news about any of CEL's projects will create some nice momentum, as current prices are not attractive to sell at, problem is noone can think of a good reason to buy rather than wait.
Currently I am finding CTP a much more interesting event to watch. BKP could get interesting again soon. CEL needs some news to start a party but I don't want to hid money in CEL that could move at CTP.
I've changed my sentiment to hold though at these prices buying doesn't seem too risky. The only downside is the collaspe in the price of gas in the US. Very low $3. Amazing. I still think South Africa is the flyer if/when Shell can ramp up in the Karoo.
Saltbus
Saltbus
CEL Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held
