I spoke with the company and my gut feel is that we will trend in this SP range until May.
Wet season in Canning and NT mean news flow from here will be limited / non existent until that is over in April.
For holders that are trapped, Patrick suggested there may be some news flow re the Goshawk licenses tied up with Origin and the Buru farm in. That may give some opportunity to get out if you can't wait for the big ticket items at EP127.
I asked about a transaction and a straight bat was played. So read into that what you will. I don't think the funds are there for anything significant to happen but who knows? A new JV / transaction / acquisition from left field would obviously blow up anything I've written above in a good way.
So, all in all, if you believe in the upside here you probably have 2 or 3 months to accumulate more. On balance I think this is what I will try and do and most likely average up from original entry.
Good luck to all.
GLV Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
