New member, joined in the last few days, only posts on MMR and BPH. Does not hold.
The strategy of some is very transparent.
We all know that a federal election will be called soon, with election dates most likely in March/April.
The LNP are firming favourites. Labor is struggling.
The LNP is pro-gas and will scrap the off-shore wind farms.
During the campaign stage, any further commentary by the LNP on increase gas exploration will see PEP-11 shares take off.
I dont expect that LNP will directly mention approval of PEP-11. I do expect there to be commentary on supporting complying exploration.
Cost of living and energy will be a major focus, if not the only.
Thos on here now have a short period to get in before the election starts. They know it and want to get in as low a possible. Understandable.
They are walking a tight rope here. History shows us that the SP could take off at a moments notice.
Downramping is not working, no matter how many newly made accounts magically turn up and start downramping.
These strategies are clear. Problem is that the strategy is not working, there has been no big sell off.
Good luck ith your strategy - good luck trying to get in once the election is announced and LNP starts discussing thei policies on the need for more gas.
Mainstream media are already over PEP-11. Sloane and Tingle have both made comments on PEP-11. Both have discussed the need for PEP-11.
I trust we will see DB announce the commencement of legal proceedings this week.
MMR Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
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