Docwood i am very happy you posted this becuase I was thinking a similar thing. It seems that we are undervalued, the 32% chance of success, as far as I understand it is 32% or nothing, or thats how it usually pans out.
Apart from market optimisim not being as good this time, as last time the stock went up prior to spud, all natural resource stocks were flying.
The stock is in a fundamentally better position.
risked value .. up to spud?, page-7
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