A few people have commented how Chisholm Trail did very little for the share price... Well if you looked at today's SP, you would not be all that wrong.
I would disagree, when the announcement on first CT well spud on 10th Sept 12, the share price ended the day at 0.39p.
At it's peak following 28th January news on CT3 the share price closed at 0.67 - a 67% increase on 10th Sept share price - ** Solely to Chisholm Trail **
Hindsight would say a smart trader would have collected some profits in the mid-high 0.60's, i'm sure many did.
Following CT4 news, the share price settled in the mid 50's which was still a significant increase (Circa 30-40%) on Pre-CT news.
So a 30-70% return on an investment depending on your trading abilities from four Chisholm Trail wells.
Would it be wrong to assume that over the next 6 months we will see anything from four to sixteen further wells in CT? I certainly think we will - Those extra wells will mean additional momentum, added rises in the SP and hopefully a reduction in delays between news flow.
i can understand the murkiness and keeping of cards close to the chest when it comes to land and leasing, that's cool. But why can't our finances be black and white?
admittedly to some they may well be, but i can never get my head around us being 'debt free' when we have drawn down on SEDA's etc? it's always guerss work and it shoul;dn't be. i could well be missing something and usually only have my shi4ty little samsung mini mobile to read through the bb and historic rns's...
i'm also a bit dubious a broker note will ever be released of any significance as the goalposts seem to be moving permanently (not a bad thing)...ntog hasn't been standing still and i feel a note cannot/won't let on to anything we've got in the pipeline... i just don't think it'll tell us anything we don't already know - other than an SP of where we should be at a current snapshot...
my other concern is funding for the next bunch of CT wells - where's it going to come from?? maybe we'll be generating enough from ct1-4 to fund these as we go but it's gonna be pretty hand to mouth!! all good though don't get me wrong - am chuffed to bits re:CT and think we should focus there...
in a nutshell, hoping richfield note goes against loan shares/ SEDA draw down etc and CT proceeds to go back into CT... still keeping the faith in where the co is going - just don't have the time to crunch the cryptics about this company and it's goings ons - like i say, cards close to chest for land leasing that's cool, it's just that everything else is shrouded in mystery and i dont think it needs to be...
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