“Following field and MT surveys, drill targets will be identified with a maiden drilling program anticipated for the end of the year.”
Personally, I will be suitably impressed if the drilling starts towards the end of the year. However, a big group of random short term trader speculators probably got on board in the last couple of weeks.
Longer term holders like yourself and biache have probably or may consider taking profits above 6c and a lot of the trader speculators don't have the patience to wait until the end of the year for the beginning of a process which may or may not confirm (I am optimistic) that they can produce power. Then, after confirming all of that they still need to go back to the office and figure out funding and design for production and plant.
They won't be producing power until the 2014 at earliest imo and I'll be impressed as hell if they do it by then.
How many traders want to have capital tied up until then (for that is when you will see the major sp list imo)
So going on the premise that long termers won't sell under about 6c, there could be a little bit of volume below 6c as those who were late to the party exit for the next "hot" stock. This is pure speculation on my behalf but I am hoping to buy cuppa's shares for a bargain, then get comfortable in the tree for a long term wait (or take profits if it gets hyped again).
I could buy back in already hypothetically at lower than what I sold, which is tempting but i don't see any margin of safety at 7c and I do see tying up capital for a long time which I have already done in a number of others so not yet.
Best of luck to all holders especially long termers.
HRL Price at posting:
6.7¢ Sentiment: Hold Disclosure: Not Held