I find it amusing how some shareholders are starting to become a bit peeved with managements "no news is good news" policy. As a long term ex-shareholder I know only too well what to expect from Dixey and Co.
I suppose punters are becoming restless due to this FIRB business. 30 days required for approval yet the company alerted the ASX on 7/3 saying the application had already been made! Nearly 60 days and not a bo-peep!
Should this deal fall over then one can only imagine what would happen to the share price. $1.01 faster than you can blink? How about zero?
No doubt the optimists will be hoping its approved. Then what? A six to twelve month wait to order the supplies for a new round of high risk offshore drilling.
But hang on! Judging by the majority of posters it appears most punters are simply waiting for this to spike after the FIRB news so they can take a quick buck and move on to their next spiv play. Few seem even remotely interested in hanging around for a year or two.
Trust me. Its been well noted by others that there has been an influx of speccy money (mugs???) in this stock waiting for a short term spike based on FIRB approval to exit.
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