its game on

Have been incommunicado for 2-3 days and I now see we were back hitting 17c, a very promising quarterly (& to summarise 300K cash burn for a great deal of activity); and ESG up and then down.

First thing I noticed though was the interest coming from all corners of HC. Even the odd prospective downramper! I had a quick survey and there are a many here that don't appear to have posted on OIP before. Welcome and I hope you stay for longer than T+3! What I think we are witnessing is a migration from the likes of ESG and maybe HGO into OIP. The risk reward ratio is now clearly with OIP and have some have mentioned, there is also the possibility of a takeover or some other power play. I read a sad story about buying ESG at 12c and selling before the announcement. Not much of sad story but gives you a hint about the potential here with Orion.

I have always said we are building to news of the CSG drilling in PEL6 and the Quarterly did a great job of detailing the potential and time frame. It is now game on. I would expect an announcement in early to mid August to build on the positive sentiment both it, STO and ESG are getting at the moment. Likewise, everything points to this headed for at least 20c in the next week or two, then 25c+ when the drilling starts. I had another realisation on my return - I think we are now in a bull market - hence the plus signs beside my targets.

.....and finally, I had a laugh at the pump and dump call by our new colleague. I for one am keen to buy as many shares as I can sub 16c as I did the other day sub 15c. I am still holding knowing that this is only stage 1 of the ride. Be wary though of old trading tricks to spook this market and take advantage of them.