So champs, after reading the last couple of weeks of ranting and...

So champs, after reading the last couple of weeks of ranting and raving on here I’ll throw in what I’d call a little bit of truth:

1. The sharemarket as a whole has been sliding, and at the worst pace we’ve seen for a while. This stock isn’t immune from that. Investors losing money sell stocks hence we’re back down in the doldrums of 0.005.

2. Can’t believe with all the chat in here that nobody has mentioned Impact selling it’s 20% stake in PEL56 (I.e. Venus light oil discovery) for $500m-$1billion. I’m assuming a worst case scenario of this being the market cap following a farm out and successful drill. This means worst case 0.04 - 0.08, a 700-1400% return on the current share price, if you believe we have oil to find out there.

In short, if you think they will strike oil buy as much as you can now as it’s going as cheap as you’ll ever get it. If you were just on this ride as a spectator hoping to make millions in a few weeks, sorry but to see those profits you need to ride out the risk.