I actually had 170K MNM when they spiked around August. I gave them the kiss of death and sold for a loss. If I had held until Dec/Jan, it would have been an easy 40K profit. That is almost the average wage in AUS. I am so close to some substantial gains yet so far. Timing is so important.
Is it the right time for TRH? The decision for the ROW's can be made now because the Public comment period has finished. Stone energy are drilling for Oil at one of TRH's proposed locations and TRH mentioned discussions with a multinational drilling firm in Dec Qtrly. Additionally, the Environmental assessment for the ROW reads "construction is expected in late winter/early spring 2011".
Shareholders need a positive update from the company. I need a break from the speculation.
TRH Price at posting:
48.0¢ Sentiment: None Disclosure: Held