Hi Rosy, yes they are a gamble, a bit like investing in micro caps!
I like them because for a few grand the exposure is mouthwatering and if it doesn't pop you haven't lost the farm so to speak.
Don't get me wrong I am quite the realist with WHNO but no one here can say conclusively what the next 3 months will bring us.
Whilst we dont look like we will have farm out by months end WHO here can say that they knew the company would be bringing into play the last two exploration licenses, in WA and now Vic?
Both bolts out of the blue.
The first anyone knew we had even bid on them was when the succesful aquisitions were announced to the market.
Nairobi O & G conference in a few days time, additional African acreage on the cards, and Steve in OZ working towards a finalisation with Farm Out negotiations.
We seem to have a bit of a recurrence of nothing then - bam, announcement.
Agreed, more balls than brains required for WHNO at the minute, but I don't mind having mine on the line!
Cheers
QFY Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
