Just topped up at 8.6 cents. Happy with the risk profile, based on the following:
- Where has Pitt said anything remotely suggesting that he will say no to further exploration of PEP 11?
- If Pitt does say no to exploration, he's going to hailed as a hero by the greenies - and that's the last thing a LNP Minister wants!
If the price falls further, because of a lack of news, then I'll top up again. By the middle of winter, with everyone turning on their gas, I can't see the price at 8.6 cents - but I can see it much higher.
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