Current situation??21 Nov 2018 15:27
I think the current situation is one where we have if and buts. WE have good Flow test results, remember it is TEST not full production which is very different. We had BB which was a bit of a cock up and one that LTH do not forget. Those who are/were in TRP remember all those years ago OIL into Water saga and then their huge dilution. Here, yes a completely different situation. We have at present huge POTENTIAL, and potential is not production. I believe we will get there but until everything is PROVEN, nailed on the market remains cautious--this--IMO--is proof by the fact no Corporate Investors have dipped their toes, when they do then I believe we will have arrived. SS made a big mistake at BB by withholding price sensitive news and now he is being ultra cautious. Yes we are getting oil out, we are getting income, but until both of those streams are proven over several wells IMO no one needs to get too excited that the sp will TAKE OFF---but keep with it and we could well get a decent pay cheque!!