Food for thought - if everyone on these threads with some shale knowledge is calm and says this is basically standard operating procedure (more or less depending on the difficultly of the play), then it goes without saying that larger investors with the same knowledge could read the previous weeks announcement and pretty easily guess the next weeks announcement. The market is looking for a eureka moment, everyone with some knowledge is saying that shale doesn't really work like that.
This is extremely easy to trade right now, if you believe in the company it should be a great opportunity to double or triple your holding for the same cost.
I know there is the rhetoric of 'I believe in the company I'll just hold, 30% is nothing compared to what it could go up'. Which is admirable, but if and when it goes up I'll be glad I've averaged down every announcement.
Food for thought - if everyone on these threads with some shale...
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $15.57K | 6.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 247 | 357247800 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 616017987 | 229 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| 88E (ASX) Chart |