RE: AEX12 May 2022 21:55
Here's a question:
Why does it seem like crusty is always trying to talk it down? You would think that, presumably he is a shareholder and is therefor bullish, otherwise what would be the point of holding AEX stock? Weird!!
I just makes me wonder if he's just trying to keep it down as long as possible while his other stocks hopefully go [back]up and he can load up here before the seismic, spud date, etc.
He will no doubt accuse me in return of ramping AEX, but that's not what I do, I analyse the situation fully and come to my own logical conclusion, then I post it, and people can take or leave it, as it's clearly my own opinion, whereas crusty seems to want everyone to believe he is the only one that knows what AEX should be valued at, at any point in time, yet his arguments continue to fall at the first hurdle with points from others on here. Weird!!
Anyways, 3p, 6p, 10p, these are all just pee in the wind projections, just a hoped for number, but the right investment choice IMVHO is to load up now, at the bottom, and wait for the seismic and drill results as a minimum before considering selling any, and if those are really good then there will be an option to hold for more wells and production with a lot more upside, or take your stake back out leaving shares at nil cost to run, or sell and move on if you think something else has better near term upside at the time, the actual price, 3p, 6p, 10p, or more will just be what it is at the time, and not worth having sweaty pants over at this stage of the game.