CUE 0.00% 9.7¢ cue energy resources limited

TO of CUE imminent OGOG moves to acquire 100% of NZOG, page-7

  1. 3,626 Posts.
    lightbulb Created with Sketch. 1134
    Given that CUE has been trading around 6c on low or zero volume until quite recently and has jumped ~ 40% in price and volumes up to 600 700 and nearly 900 thousand then the market appears to strongly agree with you, that is there is T/O speculation, at least if not actually underway. I have thought so for some time now. I am with antman, I wouldnt sell @15c. What attracted me to CUE is the high probability of success for an absolute motza in the success event. Unlike Antman I wouldnt unload a % 2 minutes before spud as my costs are 7c and I believe they will hold at that even in a dry well scenario, given their other producing assets and where else are you going to get a 25% chance of a motza: not lotto to be sure. 88E have bounced back to their pre drill price and I figured they were a 1 horse wonder!.
 
watchlist Created with Sketch. Add CUE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.