RE: Hello31 Oct 2024 08:24
Hi DP. The last time we saw the high teens was in the run up to the jv announcement in February. I believe it went as high as 0.18 ish. That was just on anticipation, so I was hoping for maybe 0.3 on announcement. It actually peaked on the day at about 0.16 and has been pretty much downhill ever since. I really regret not getting out when I could have, but hindsight is a wonderful thing. Probably should never have got back in again after I got out with s small profit in 2021, but at that time it seemed a bargain in the mid 0.2's. Lol.
Now have an average of 0.135 and still hope it will get above that maybe middle of next year when the new well flow rates come in. Nothing is certain of course, and the market obviously has failure priced in.
I suppose you could describe it as a hobby as I do enjoy posting and analysing what might happen next. Could turn out to be an expensive hobby though as I have a sizable % of all my assets tied up here. Atb.