the cheapest of them all, page-3

Arc is in a very tough timing position for lifting its share price. I can't see the price sliding much lower unless intentionally driven down. Real investors or traders are out by now if they have lost the faith.

But what’s the rush to get back into ARC except for specking on Yulleroo? I’m already preparing for another disappointment / delay / inconclusive results / valuable information obtained on the structure / with that well.

IMHO there will be nothing much to revive the sp for several months if Yulleroo is a duster, or falls into the current CB category of mistakes and unfinished assessment.

Dunsborough will struggle to impress as out of 3 “assessment drills” in this region, the market expects at least one to have positive results. So if it fails, more pain for ARC, if it is only average in its results – yawn.

If a company is capping ARC’s share price in preparation for a bid, it’s been given a dream run and the opportunity will continue for a couple more months until the wet season ends.

Canning Basin will be the curse or company maker. At the moment, they are not giving the market that solid confidence in their ability to explore the Canning Basin and demonstrate its potential. This could all turn around very quickly once the wet season ends and they get back to finalise their work on the first few wells.

But for now ………