why is the sp not moving up up and away, page-7

Dazt49

Its called perspective

Why should punters push the market cap of this puppy up to around $50-$60 million (20 cents) prior to drilling when a market cap that high would max out a moderately succesfull 2nd well. Thats even before they raise more cash.

The upside of this share price has been limited dramatically due to the number of shares on issue. So pardon my "water well" pun, but as I say things must be brought into perspective.

People can't genuinely expect the same fever this time around as there was last time. No doubt there will be fever, but unless punters are absolutely crazy I would suggest it would be more tempered this time.

Remember getting churn merchants in this market is pretty hard, but if anyones got money its this band of merry men that ramped and sold last time, so I'm not putting it beyond them.

Remember also that you would most definately have some placement stock to be lost in any lead up to drilling.

IMO only