Only two things are certain in life and we all know what those are, if any of us were able to predict these matters with certainty we would already be sat on our own beach in the caribbean however I would not call anybody idiotic for having an opinion and putting forward an argument to support their view.
Precisely what I am doing. I got stung on a delayed buy on the condensate find and am in at, inter alia, 108.75 - a little perspective for all those newbies concerned about their 15 buys. Similar story with RKH (although greed/an untimely stag party prevented me from selling my holding acquired at 96 and 196 at 580 (ah - the good old boom days). This is a waiting game, but all those banging about a 'multi-bagger' take heed - RKH is a prime example of what had to be given up to acquire a partner to extract a strong find. I too suspect this will drift - and unless you are an investor who intneds to sell on the spike that will most likely occur IF a farm in partner is found (and NONE of you can state this will happen with certainty, and it annoys me when you get idiotic PI's professing such things - it is unfair for new investors - it may be extremely likely a farm in deal will be struck, but NOTHING is absulutely certain), please do your research which will show waht is likely to happen thereafter - a drift back down. Experiecne and comparables dictate this will not hold any spiked price after farm in news. For me this is nothing but an exercise in averaging down, which these prices allow. For those who can buy low at these prices and sell on the spike of good news or the excitmenet leading up to a drill, that is what I would do. GLA
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