AXT 0.00% 1.4¢ argo exploration limited

Hi cold collations, Take a step back and have a look at the 6...

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    Hi cold collations,

    Take a step back and have a look at the 6 monthly chart, as well as the movement in the SP from the middle of February to today.

    Share prices don't always move on the exact same day news is released. Sometimes that news needs to be digested, and sometimes it takes a few days for short term traders who were possibly expecting different news (e.g. Tyler being unblocked) to exit their holdings.

    As I was saying earlier, medium term, it's looking positive. We should see solid and constant news flow over the next 6-8 months that helps support the share price.

    (Hopefully) Unblocking Tyler and accompanying flow tests, drilling program/financing, spudding of Polk second well, flow tests of Polk second well, spudding of Kara Farms second well, flow tests of Kara Farms second well. There's plenty to come.

    All in a low cost environment, but also an environment where people may start to look forward towards what effects slashing all of that CAPEX will have on future oil markets.

    Cheers!
    Last edited by squidd: 05/03/16
 
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