RE: BOOM nice rocket forming.. only at ignition phase yet31 May 2022 18:16
Many expecting the govt to approve planning for an exploration well in Loxley this weekend.
If it happens those (who still don't realise it's only an exploration permit and a production permit will still have to go through all of the delays we've had just for this, all over again later) will probably want to buy in.., just-in-case.
That may push the price up.
If the permit is approved (it's not nailed on) they become even more averous and push the price up even more.
Personally I believe this may happen but only as a spike.
Once the temporary nature of this permit is accepted, the price is likely to gradually sink back (plus, there will need to be a fund-raise to pay for it and Sly Sandercon has major history for robbing his investors for that funding).
Sentiment is all.
DYOR and DO NOT listen to the fantasy price predictions posted here.
Greed kills.