Sentiment I an amazing thing
Oil at 48 Brent usd - aud 69 AUD oil price 70
Oil Brent 52 USD - aud 71.8 oil price AUD 73
About a 3-4 dollar price in what DLS receives
Share price 47 - 59.5 25% difference . The power of sentiment. This is why I am not a huge fan of TA as at 47c the charts on DLS were bearish . No doubt now they are looking better but 25% has already been made . Moreover someone buying day would get 20% from an 12c share price rice but he who was buying at 47 would earn another 28% ( on top of the 25% )
Ann: Commencement of Operated Drilling Program, page-32
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