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07/05/10
10:13
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If the market continues to deteriate in the US tonight,Monday could bring unprecedented opportunity,thought never to return to this stock.
Possible high turnover of stock + downtrending market = opportunity.
Markets are driven on fear and people make irrational decisions.
Go through the stocks last 12 months worth of asx releases and crunch some numbers in your head.
If a sub 27c opportunity presents itself this may significantly increase your wealth over the course of the next 12m.
If the market continues to deteriate hilcorp will reassess their forward programme and drill to the prevailing conditions.
Who now thinks the cap raising may have been prudent and well timed?
All the best.
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