Gotta admit, this is a tough stock to hold. It seems shareholders are in a constant cycle of anticipation and despair, with no celebration.
So many times have we all anticipated something that would be great for the Company;
- purchase of Mereenie - installation of NGP - acquiring and initial drilling of Range - drilling of Dukas - moving from an explorer to producer
Despite all of the above generally coming off, here we sit at a crappy market cap of $70m, substantially lower then when any of these started even being discussed.
The volumes at this sub-10c level seem large enough to suggest a big player is bailing, or the market truly has no faith in the short-med term of the Amadeus drilling go ahead.
We continue to wait, and anticipate, for a share price to celebrate (ie.>20c). Sadly I think we can pack the champagne away this year, but I hope for all on this forum I'm wrong...
CTP Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
