Slower drilling progress might be why we have seen the SP take a backstep this week.
Fantastic buying opportunity today and tomorrow. BRU going from strength to strength and NSE back pedals again.
The next 2 weeks are when the action will start. As long as the drilling progresses as expected (and there is no rig issues) then we should start seeing an uptrend from next week from anticipation of good results.
Well thats what I THINK should happen. It didn't happen with Buru, the market didn't realise what Buru was confirming until it was put right under their nose today.
I'll be watching this one closely today/tomorrow and early next week. I wouldn't mind averaging down a bit.
NSE Price at posting:
47.0¢ Sentiment: LT Buy Disclosure: Held
