As a holder of AYO, I liked your analysis. I hope the price increase has more legs, but I agree with your caution. In case of a hypothetical failure on the next drill, if the euphoria changed to disappointment, then this market would not be very forgiving at all.
I would just add one more point on Amity. Directors have bought more during the week. The timing of this suggests two possibilities to me, just speculating here:
1) All the pieces are falling in place for daily sales to go to 30mmcf, directors are buying in anticipation of this announcement. 2) Directors thought that Cayidere success is very material to the company.
