Guzzi, Agreed. In actual fact they went through at 2.4c only last month. So to only be 3.1c at the close today after now having obtained the green light for fracking is crazy. It's a company maker simple. The pull back was purely down traders. What it does give, is the opportunity to those that missed out yesterday in the low 3s and could not get in this morning either as they opened at 3.9c this morning. Those investors that are now aware of the fact that the fracking ban has been lifted, the ocean of gas that empire are sitting on and the fact that they are positioned right next door to Beetaloo Basin owned by Falcon Energy which has $360 mill market cap. These are absolute basement prices and as such I accumulated this arvo as I see tomorrow being a day where the rush to get in again starts. Throw in the thought that the company would not have been sitting idle waiting for the ban to be lifted to be making deals for this. I wouldn't be surprised if any talks on proposed deals had already been done previous and just waiting for the fracking to be lifted. Time will tell. However, there are plenty of articles out there talking about the ridiculous sea under the ground that eeg own. All of which was halted and deals put on the shelf due to the fracking ban. Has been about 2 years don't forget. So everything was put on "standby" This is no longer the case. I am now sitting back and ready for the ride. All my opinion of course. Best for investors to do some research and you will come to the same conclusions. Good luck
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Guzzi, Agreed. In actual fact they went through at 2.4c only...
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Price($) | Vol. | No. |
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