I wish I was. Easy money has been made shorting it. I think it is a dangerous proposition to short now.
But then again if management continue on with their silence, plus the rise in the AUD and fall in the U spot price; then there is more money to be made shorting.
A peace pipe between the two waring parties and he shorters will be burnt to a crisp. (then again no one can tell me how many shorts are still open)
Oil above $80 is a positive for all energy shares.
IMHO the market believes that management have made the wrong gamble. At present I feel as the though the market has got it right.
Management have not kept the market informed and that's a big mistake in my book.
You alway gotta keep your backers informed. The small ones are capable of a revolution.
AGS Price at posting:
47.0¢ Sentiment: None Disclosure: Not Held