Odysseus. Think about it for a minute.
Why would any company at all announce to the market in advance that they are reviewing their reserves unless they were pretty sure it was going up?
If it was a reserves downgrade, well you are hardly going to flag that in advance and if it was reserves neutral, then you wouldn't even bother to say anything at all.
Logic suggests an upgrade is coming and for it to be worth bothering to say so, would need to be an increase of at least 10%. I would say 50mb won't be too far away. And let me tell you, the difference between 42Mb and 50mb is colossal because there are very few additional infrastructure costs associated with the extra production.
In fact, why even initiate a review if you think it is going to be down. You would simply keep your mouth shut (and how many others just kept their mouths shut instead of giving out the bad news...eh?)
Odysseus. Think about it for a minute.Why would any company at...
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Last
37.5¢ |
Change
0.005(1.35%) |
Mkt cap ! $83.98M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 36.5¢ | $7.879K | 21.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 26695 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 142 | 1 |
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| Last trade - 15.33pm 15/11/2024 (20 minute delay) ? |
| ECH (ASX) Chart |