It seems the relentless seller of last week has sold all his shares. I have a feeling he will severely regret his decisions soon.
They sold out at levels which are heavily oversold, when the company has an EV of 1.5million.
We've seen articles from BHP stating their intention to enter the Australian shale space... we have a well worth $50million coming up.
The buyers are starting to see the value.
waugh-1 well in the north perth basin , page-16
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