RE: Ocelot25 May 2023 14:19
In part I agree with some of the comments from HITS relative to value, the drivers, the history.
But I also feel that the movements we are witnessing over the last few months are mostly being driven by forces behind the scenes, similar to the SP uplift that persisted throughout the morning prior to the original flow RNS, which then proceeded to come back off, clearly demonstrating a bigger driving force behind the scenes, and that only adds to the "if you cannot explain it, best to trade it, point.
Reality is that regardless of behind the scenes driven price, there has to be a bottom to this, and in reality we are sitting at a Market cap that is pretty much not applying any value to the new well, additional flow and accessed reserves, so yes it might still slip a tiny bit but at this level it is almost a no brainer for "some" upside.