trading halt, page-43

yesterday i thoguht the halt was a coincidence but its now pretty unlikely that 3 junior african oil stocks go into halt and then suspension at the same time. definitely related imo

and my investment strategy was/is a simple one crows - took at look at that prospect when the company had 40m shares and was capped at 17m and thought they will have no worries farming that out and then we can pick up another project, sure, but this will be a rare chance to get such exposure with such leverage (being the little number of shares on issue). i guess things still aren't so bad, still pretty tight.

i guess i was daydreaming when i was calculating a pre-drill MC of 100-150m and only say 60m shares on issue. i would likely have sold on spud anyway. i'm not sure any more, doubt we'll be over a dollar on spud now. and i need to be up 100% if i'm going to play for results. i think i'll have to adjust my view of these guys. can't complain, they've done really well. but this is becoming more of a long term than an 18 month besbs play.