Anyone care to give a 31/12/2017 share price prediction?
2016 had nothing but positive or exceptional results and I think at the end of it all we dropped .1 cent from December 2015. Unbelievable in my view, we have established commercial thresholds yet no change.
According to the CEO updates 2017 appear to be a year of consolidation. They may decide to re drill at the last drill location where there was too much pressure to continue, but that will cost another $5 million (or more).
Perhaps the account is dwindling to a point of concern. A poster indicated that institutions may be lining up next year to buy with a change in the view of oil.
I would like to find a catalyst for 2017 but nothing is jumping out at me.
10 cents at end of 2017? I hope not.
Share price end of 2017
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