Not holding but watching for sometime with interest. heart goes out to all holders. Remarkable similarities with BAS a few years ago. BAS was drilling a prospect that had been drilled before and found oil but not commercial at $10 a barrel, very commercial at $60 a barrel.
The threads thought it was a no-brainer, we know the oil is there nobody moved it. Just before TD the company reported strong oil shows. (See the similarities?)The SP rose from 40 cents to about 66 cents. We were all excitedly waiting for confirmation.
There was no oil!
The SP plummetted. I managed to get out at 33 cents. It stablised at 30 cents for a short while because people argued it had other shots in the locker, it had money in the bank. A few months later it was 3 cents. You read right 3 cents.
Learn from this what you will. Tomorow is the day you start fighting back. Commiserations all.
Pagarsi
meo and bas
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