RE: Dont be suprised13 Jan 2020 11:03
No just being realistic, we all know this could take off at any time with the right news filtering through, but as we've seen since last few month it just as easily slides back down with the lack of news.
I do have a holding here which i'm comfortable with but lets be realistic here;
If any of the below comes through we will see nice rises on each occasion;
-Drawdown confirmation (potnetially priced in but could see us rise to 0.30)
-JORC for BP
-MoA for Zimb
-Arrival of Chinese assets at BP
-Eventually BP into full production
If we get no news we slide back into the 0.20-0.23 range which appears to be the bottom for now, the only reason we escaped that was the rally towards the end of last week in anticipation of funding confirmation this week.
Everything is left to play for and at the minute it is a 50/50 play each week as to whether this goes up or down. Once we get the news i expect a steady rise in accordance to the broker note as each project is derisked.