re: running wire logs now ... depends how you view it..
obviously to some its a case of many nervous sellers,
I see it as equally as a case of many eager buyers..
The opportunity to get great prices on the sp is obvious, with reporting the way it has been there is nothing that can be done to stop a lack of confidence in the share price..
great buying opportunity..
some see the sudden drilling halt before they reach TD as a bad sign, i am not convinced it is.. why suddenly stop drilling and do a wireline log,, whats the point? it takes days out of the program and is massive in expense.. usually when a company stops drilling and announces an sudden unscheduled wireline log you would expect a positive sentiment on the operation.. its becuase there are no reports of shows that the market is second guessing there were no shows recently.. any shows less than what has been reported are not going to be reported, the market is literally blind to knowing if there were or were not shows since their last announcements...
i wait for the wireline logs results and then the continuation of the drilling of sugarloaf..
great buying opportunity again..
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