quarterly report - good reading, page-8

Can't be far off now...

The stock has held well in the recent news void and delay to the start of drilling.

With the low-volumes and apparent lack of interest in selling large lines at current levels, good news should see a sellers market develop.

Same goes in the oposite direction if the news is bad mind you.

If you are not in if/when they release news...there will be no way to get in or out pushing the stock a significant distance in the direction of your interest.

Three approaches...

1. Buy in before drilling and enjoy the cheap entry;
2. Buy in after drilling commences but before results - a bet each way and;
3. Buy in after results and be prepared to pay a premium.

Here hoping SPX will be a star performer this year.

Cheers!