Once bitten twice shy16 Feb 2022 11:46
I think there are plenty of investors on a large paper loss still sitting here with averages in the 20’s who will not take the same risk second time around ( myself included) . For this reason I’m not sure it will reach 30p pre drilling this time . IMO people will either cash in totally or derisk substantially through fear of another duster .
Nothing is a “cert “ as was portrayed by several on this bb last year & on the ADV disaster .
Having been stung on both of these I have still to decide my end strategy on here as although I’m a great believer of this project I WILL not risk all this time . If they can get a discovery from a shallow drill before the big drills start in Q3/Q4 , I will probably risk more but if there is no discovery before then I will derisk substantially.
There has been some great informative posts on here recently & I’m seriously more hopeful this time - keep up the good work guys !