I think the K layer flow rate will be disappointing (just my gut). What I can't decide is if there will be a selloff due to disappointment, or a buying frenzy due to moving onto the main play.
I don't have any skin left in this game, and I'll be keeping a close eye on the next ann waiting for a chance to pounce in the low-mid 4's.
If both of us have the same strategy, I would not be at all suprised if there are numerous others out there waiting in the wings for an opportunity to top up/buy in.
The market may have already chalked the K layer up to a gigantic waste of time. The knowledge that this obstactle has been removed may trigger a 'buy' rating for a lot of spec buyers such as ourselves.
NWE Price at posting:
4.9¢ Sentiment: LT Buy Disclosure: Held