FY19 Outlook, page-12

Hey tt,

I have a largish long term holding with an average entry of 24c, won't be selling any of these until we are above $1 as I believe in the story. Then I have a holding about a fifth of the size of the long term holding that I trade in and out of using CFD's. I offloaded some of these last week in high 40s, not worth holding these long term with the interest component. But did a bit of a short term trade today at 44c. Might double down if we hit 40c (200 dma). If the 50 dma dropped below the 200 dma I would be reconisder. After watching the SXY chart daily for years you get a bit use to the ebb and flow of the security. One thing I really like about the SXY chart is all of the moving averages are nicely trending up together. It really is a good looking chart over a medium term timeframe, but it has been a slow grind which isn't a bad thing sometimes as it becomes a bit more predictable. I think a good rinse and repeat around these levels will be good as it's coming back to test the old resistance level.

So far this is the only news I have seen on the result from Citi...

The market appears to have balked at what Citi believes was very much were in-line results from Senex Energy, perhaps because there was no year-ahead guidance as it finalizes a debt financing facility for development drilling in Queensland. In Citi's view, investors underestimate the reserves at the Atlas coal-seam project in Queensland, and despite a later start to drilling, the investment bank still believes first gas will be in late 2019.