RE: In 2021 SP build up to drilling.13 Jul 2023 11:21
Holding isn't the question for me. It's how much to hold. If we get a duster and then Noble get a duster the SP is going to sink a heck of a lot. It isn't guaranteed that there will be enough optimism to get the SP back up for a 2nd, 3rd etc drill.
Anything that isn't a commercial discovery or on the path to that is going to half or more the SP. I can see me selling half after spud before results and then putting some of that back in depending on how things look.
Mentally I'm already sold on not keeping my full investment in for drill results. I'm prepared to accept if there was a discovery I might have potentially made more money but that's risk management for me.