Grahod, I don't think anyone was worried by a price fall per se. Particularly in light of macro events.
But I was concerned with the magnitude. The variation was multiples beyond that seen for the underlying commodity, sector and general market. I didn't expect that behaviour so close to commercial production.
We've held smallcaps (explorers and operators) in developing countries for about 5 years now. Bad things happen - things that don't always make Western press or company reports. We'd prefer not being the last to know.
SP has come back now. We held, and will continue to do so. Well done to those that bought on the dip. TGS is going to sing.
TGS Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held
