the movement of spud, is irrelevant to the target.
As Ya points out, they can just revise rest of the drill path to compensate.
I really dont know what the seller is thinking.
It may be as simple as some people may just need the money.
I recall last time there was price instability was around just after the natural disaster in Philippines.
No doubt there are some locals who may own shares?
But i know what this buyer is thinking. thankyou for the cheap entry.
Normally the market would ramp up a stock on drill expectation, but the market has become more risk adverse it seems.
I made my entry decision on the fact of low downside, massive up side.
While the market will have to recognize a proven producer, with at least one cash cow, come two, or three.
Any ideas what we may do with Tindalo, Yakal?
What are the costs there? and could they alternately be sold off for more than the pittance phil tried last time.
I hope that Phil can recognize the shareholder revolt that occurred in SP when he tried to give those discoveries away for nothing.
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