take profit, page-10

very risky to get out.
i am very glad some on the ASX waken up today.
by this potential newsflow very strange to go out:

- smith#1 numbers
- following russel bevly#1 progresses
- new drilltargets in texas
- ann about seismic results of georgia
- maybe get the other 50% of the georgia rights
- puntland drill rig

There are some good researchers they say that only the smith#1 is worth the mcap.
If other targets in texas will go on production, you dont need georgia and puntland for a 3-5 bagger.
Waiting for the seismic results of the georgia prospectus.
It seems Range could make first drills end of this year.
The tenement is 10% of georgia, thats huge (Range has 50%)...
Maybe Range will take the possibility to get 100%.
But the highflyer would be the first drillings after ~20 years in puntland.
The jv-partner AOI said on the GM on 21th may, that it needs 2-3 weeks to announce this great step.
So it will be announced in a few days possibly.

To hot to left the rocket now.
I am glad to grab big stake of options the last days too.
Seems the UKs have problems to buy them in AUS. It seems very complicate for them.
The switch to change an option to a share costs you 5c.
RRS is 8.1c, so the RRSO has a value of 3.1c.
Great leverage....(sure equeal to the down than to the up)

Mikro