RE: SP dropping?21 Jun 2018 11:45
I am afraid the drop is because of last years problems. Way too many people will have been burnt or ended up stuck in a stock for longer than they wanted. This time around people are very nervous and will jump out at the slightest perceived problem. Just goes to show that on aim you need to explain in very simple terms what your plan is, try to cover every eventuality so that people don’t get caught out of frightened. The lengthy plan put out last year with time lines had no mention of a possible shut in too allow soak in and definitely no mention of having to shut in for the winter. Brom will say it was obvious but it was not, companies operate all year round in Alaska so it was natural for people to think 88e would be continuing on with the flow test especially as there was no real indication in the plan.
So a large number of people were caught out, makes no difference to LTH it just means a longer time to wait but as we all know most on Aim have the patience of a gnat and they are determined not to get caught out again. I don’t think we will see fomo now I expect us to get to a level and hold until results are in, if it’s good then people will jump in and if they are lucky and quick they may still get a good rate.