I suspect that would be the rate... don't really think much maths has been done on gross per barrel, but it should be very strong in the next set of accounts to use the new fiscal. Talk of $16-25 gob is baloney in my view based on financial results.
As I understand it LGO have not bought anything yet as it is still very much subject to Due diligence and regulatory approval by Petrotrin. Interesting that DL can manage to put such a positive spin on dilution though :)
We will get some profit taking along the way, mostly from those that bought in at the lows but overall we are in a rising trend channel. Trades are still breaking the top BB and best of all no spike, check out the RSI at around 74 no great over buying signal as there was back in May when we retraced. MACD and ParabSAR both still very positive. I believe the steady growth will continue for now just on positive sentiment, with good news pushing us up to the 3.5 mark and above in the not too distant future hopefully.
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