I've invested rather heavily in this stock (200k shares). I believe there will be an anouncment in a fortnight. The 2 things we are looking for in the announcment are.
1.Quantity of oil
2.Flow rate of oil
Hopefully there will be a substaintal amount of oil with a decent flow.
If this happens the share price should go to $1-$1.50 short term. My plan is to sell half the shares in the $0.90-$1.10 range short term and sell the other half in the $2.60-$2 range long term. Will be a nice profit considering average buy price is 41.4c. I am hoping like hell there is a good announcment soon.
I've invested rather heavily in this stock (200k shares). I...
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