I would have expected an announcement re the wireline logs today.........
The price drop is just people losing their nerve. These things always drag out.
If things go well, the log results will lead to a casing decision and then we wait again for the casing to be run and perforated and then we wait for flow testing results, then if commercial we wait for the pipeline to be constructed and for production to begin.
Plenty of opportunity for punters to take profits.
Take a look at the ten year chart. The large rises happen quickly in the big picture but at the time they rose in stages.
Fingers crossed
Whippet
AZZ Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
