BUR 0.00% 13.0¢ burley minerals ltd

I think there will be a lot of scepticism about the longevity of...

  1. 2,988 Posts.
    I think there will be a lot of scepticism about the longevity of these great Marlin flow rates. If this well is still going great guns in three months, having paid of the investment plus some more (need about 2 months at this rate to pay for itself (BURs costs/gain) - which is pretty good by O&G standards where the typical payback is more like 6-12 months.

    If in three months time they can be near cash-flow positive or actually cash-flow positive this will be the time for a good SP rise. In the meantime those that like the story can buy in at cheap prices and those that don't can sell out at a loss. I doubt we will see any major price increase until at least mid-year and one more successful well, which may also come at a time of an evolving recovery in the resource spec/mid-cap sector.

    I'm pretty loaded up at the moment though will consider adding to my position if it gets really cheap (below 10c), though I like INP a lot as well at current crazy bargain prices.
 
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