We just had our weekly update. I do not know which update u expect to hear on monday. I expect they will give a weekly update then special ANNs later in March-April. After Fracc, Spud Ripsaw, etc.
It will be interesting trading throughout the week. As the company are quite transparent in their communications. Weekly updates, Spud date for Ripsaw approx. 2-3 weeks, Fracc for Gene1 approx 2-3 weeks, etc.
I am pretty confident that we will not have any price sensitive news this coming week. Will be interesting to see what the market pricing SSN as- 2.5c still or into the 3s???
Been bouncing off 2.5c pretty constantly until the last ANN, basically stating we do not just have Gene1-22 and Ripsaw guys. We are moving onto others and have several teams- we are busy boys and girls.
Not confident about it finishing on 2.9, as the average SP paid during the day was 2.75c. So the new bounce off point maybe 2.7c, an upgrade of 10%- IMO.
Yet any interest from an Oiler mag or broker membership newletter may have SSN rerated without any further news.
Interesting week ahead- maybe a good 5-10% earner for swing traders and day traders over the coming weeks. Yet they may miss out on any potential big push of 100%+ if they do not time correctly.
Day Traders will keep it swinging back and forth by 10-15% for a while I think. It is on the DT Radars now.
SSN Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held