Some will understand basic mathematics, that even the numbers they are suggesting, 70c, 80c, are larger than 39c.
I'll stick with 1.25
Glad to hear that you were about to take advantage today, along with the rest of the 12million share BUYERS, including myself.
Who lost? The traders who expected a larger IRR.
Kooks, did you get onto peter? I could imagine his ears were burning with the phone calls today.
Happy enough with what i heard on my chat, posted other thread.
I think that traders, dont have their heads far enough into MAE, or the details, to get it right.
MAE has only ramped up from 40c to 55c the last couple of weeks, on the immenant release of IRR.
What they have completely missed, is that the IRR is based on comercial prices today. What resources, are reserves on a comercial basis. The buyers,,entering the data room, will understand, that the current IRR, will inflate significantly, on higher gas prices.
And that, they will be runing their rulers over, to appreciate.
It is that upside they will pay for, which is probably why peter felt that 2.50/mcf was suitable on the p1 basis. Although he did comment there was the addtional resources on top of that.
Well, we shall see who is right and who is wrong, within a month i'd say.
cheers
MAE Price at posting:
39.0¢ Sentiment: LT Buy Disclosure: Held
