yeah, me too re the happenings with kate...
Spew re CVI, but that's the game, isn't it? We've all had them...
If we hit, i think that given the price of oil, the proximity to infrastructure and the apparent ease of access, coupled with only 110M shares on issue, we could easily go $0.80 on the initial news.
Once this is clarified in a follow up announcement, then we could be looking $1.50+ - depends on who wants in.
My hope is that we see $2+ (i'd take a few months off work then), but again, we'll have to wait and see what happens. As has been mentioned, if no oil, we will prob go back to 5c. Risk V reward.
I think the $15 is a bit far off - good to look at the numbers in that way, but i can't see the share hitting relative inground value.
mind you, if they hit more than the 25M barrels, then who knows. Oil will keep getting more expensive. Gotta be good for the shareprice. But then again - the gains on that will prob only just cover the increase in the fuel costs :P
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