Hi all
Well, well, well. A bit of price weakness coming through at the moment. IMHO this looks to be driven primarily by likely delays in drilling (this is to be expected)and increasing price risk within commodities market. I doubt if it is anything to do with the technicals (any chartist worth his salt would have exiting his position a long long time ago).
I've had a good look over my research and apart from some dilution from recent cap activities I cannot see any change in the story. There is the usual risk associated with how the $50M will be paid (the chinese will not just hand these funds over, there will be administrative difficulties and perhaps cashflow timing issues...i.e. small debt facility may be required...who knows).
Perhaps it is a bit of tree shaking? For me the outlook remains exciting.
Good luck!
lots of love
puff
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Hi allWell, well, well. A bit of price weakness coming through...
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