I think the biggest issue is that it is deathly quiet unfortunately from management.
My interpretation of the last meaningful news was basically that they finished drilling, they botched some things up, stuff wasn't where they thought it was and we'll get back to you.
IMO that does not accord with a confident driller ... invariably stuff will go wrong during a drilling campaign but rarely is that a basis for reconfiguring how you intended to progress in the long term. A short term strategy only was revealed I think.
I have retained my position and to an extent am interested in averaging down. the comment re bottom IMO is valid ... we are there. I think any meaningful energy resource in China will be well received and appropriately priced ... great news if they can find it and so the price up is very alluring
in the interim, a sign that they are in control and driving towards some end game or journey would be valuable.
I suppose all of the above is just sooking
have a good one
TNP Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
