Reckon lots are waiting for a possible CR, so an announcement either way would stir the pot. I am popping mine into the second draw down & will sit this out for a while cos I doubt we will see anything near 14c in the near future given the current conditions.
Also I didn't like the "natural deline in production volumes in the older wells, & technical problems in the newer ones"...this is our bread & butter & what does that line say for this qtr? We could possible get lower than expected numbers...& there's nothing worse than disappointing the markets expectations...
Sentiment is certainly not turning positive yet & hence the SP is being reflected accordingly.
If only!!!!!!!!
ADE Price at posting:
11.5¢ Sentiment: LT Buy Disclosure: Held
