RE: They30 Aug 2019 09:57
MrD, I don’t think it’s about deramping (well not from my point of view), it’s peoples risk perception.
If Heron was due first, this would rise on the high COS but my feeling is people don’t want to be in for RD as the first, with the lower COS and if it’s a duster they are then holding at a big loss, with all hopes on a Heron and needing a bigger rise
Other way if Heron was first, a success, price rises, confidence is back that matd isn’t a duster company and RD becomes a bonus drill.
That’s my view anyway hence peoples reluctance to risk when you have safer bets in the market for the next 2-4 weeks like UJO, I3E