Yeah I agree, nothing goes up in a straight line and at some stage it will pull back if we don't get further results, but when and for how long? Those taking profit will be selling to new investors who will be holding for higher returns, but personally I wouldn't be selling in a period of renewed news-flow.
Why is this being fast tracked to development? Why the frenetic exploration pace? Why did Contango increase their holding? With the discoveries they have made to date and the geological potential, what are the possible outcomes here?
MOD Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held