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clock Created with Sketch. 21/01/18
16:17
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Originally posted by Charlie'sbucket
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All other stocks related to this drill are going up and up and ours is dead in the water. If ours does take off it is starting such a low point maybe it just like a rubber band being pulled tighter and tighter as we get to the business end and it will suddenly let go and if few people sell intitially the SP could go to any heights as seen in past with others. It then may readjust down as the "end of day" traders sell off. A reasonable Min estimate would be from 002 to at least 006 to 1.5 with solid flow rates, anything less will not cause the panic buy and we will barely get to 005/006 as "crusty driller" said he be selling out at- he may not be too far from the mark. With 10 billion+ shares, unless everyone decides not to sell (impossible situation) there will be lots of profit taking so it may hold the price from really skyrocketing however if NEWS is INSANE then it will drag in uninterested traders just trying to get in on the profit and price will have to go up and up and be supported. This will be as much as a learning experience as what effect 10 billion versus best possible news does to SP. This will be interesting to see...
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Hey mate.....I am new to this and I hope you can help answer a question for me. If REL happens to hit the mother load being a 1.04 Tcf well their take away would be over $1 billion. If this did happen how could their stock only be worth .002 cents? Cheers
