Bit of a nothing announcement when most of us were hoping for some serious progress & a possible offtake agreement in the wings won’t help.
Also dates pushed further along so no real compelling reason to buy right now. Market sentiment certainly not helping either, but a 4.5% drop on the Dow shouldn’t see us down 20% in one day although it rebounded a bit before close.
I don’t know about all of you guys but I’m certainly annoyed that I didn’t listen to my gut instinct & pull the pin at 8c, could of least Re-purchased at a lower level entry saving some losses on the way down.
8.1c -4.6c didn’t take long, lets hope we have bottomed out & we start to head north.
I did like seeing the Q3 2018 production date in the Ann, although it may be optimistic it seems to be a real possibility.
If we pull it off & get an offtake this will go down as being a great buying opportunity.
Good Luck to All !
CFE Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held