re: is today the day!? volvo
Nice one volvo, and you are not the only one hoping it is a poor flow rate as there are many buyers on the side line looking to get in cheaper for the drills that matter. I can assure you that if the flow test was done at the end of the drilling program you wouldn't see prices this low at the moment.
If the flow test is poor then there will be a retrace to the low 60's high 50's. If the flow tests are good then a lot of insto's are going to say 'bugger' and have to buy in straight away. Some will think it's cause of the good flow rate but I believe it is because another good discovery during the rest of this drilling program will put the price well above WPL's placement price.
I don't need to top up so I'm hoping for a good flow rate which will add fuel to the run up of the first wildcat.
HDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
