I'm sure most BESBS speculators who wish to go will have left, Wasa. Some will have panicked when the SP dropped into the lower 4c range early last week. I held on and sold out of my final stock on Friday. Given the current market conditions and the risk of general market up/down turns, I was happy with 50+% profit. In my game, you don't go broke locking in profits.
That said, ITC have real potential to increase quickly. Although Snatcher in itself is a smaller target, the significance of a find in relation to the possibility of a greater oil fairway is the big carrot. Increased production from growler should also help.
For me, I minimise risk and Snatcher is still a wildcat. Any duster here and the theory of the oil fairway is dented. This risk means that it is time for me to go...
All the best to holders and if the pieces do fall into place, you shall all be smiling on the way to the bank!
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