I know plenty are getting belted but surely it is almost a speeding ticket time. At the very least, contango, take the afternoon off and let the f'n thing breathe. It may go up a few cents and then you can dump into that and bugger off. Done some research on contango. They have heavily sold out of their resources. SLR, BDR, GRR and a few others have all been smashed which I believe is partly due to these guys selling. Sure there would be other big sellers, but there is just no buyers out there except a few of us mugs to pick up the slack. Everyone is waiting for these mid cap resources to turn around and when (could be a while away) there will be a mad scramble into them. Can't believe the strength of the banks, people will have to take the money off the table some time and put it somewhere. Bloody brokers and the media with their scare tactics about the world ending. Look at TGS's cash costs and the copper price. Plenty of room to move. This market has gone ken bruce. Rant over, time for a beer.
TGS Price at posting:
19.5¢ Sentiment: None Disclosure: Held