True this might not do much until Q1 2011 but it has been great buying at around 4.5c for a couple of weeks.
THis is where one accumulates stock from the impatient (or sometimes those that also see greater opportunity benefit elsewhere) and turn it into profits in time to come.
If I can accumulate stock around a 4.6c ave (just collecting nibbles here and there) and we finally see this rise towards 8c as drilling nears, it would be a lazy 75% return. Buying now - even selling into Q2 2011 - it is a 6 month wait...that is still an annualised return of 150% (assuming that I can do a similar thing in the following 6 months).
Frustration for some equals opportunity and profit for others. Patience will be rewarded at these levels IMHO...
SGY Price at posting:
$1.20 Sentiment: ST Buy Disclosure: Held
