Traders following trade plan. Buy on hype, sell before announcement.
People have come to realise 10-11cents is as high as their going to get preresult.
From here, 2 things can happen. We double overnight, or halve. Simple as that really.
The good thing though IMO, is if we happen to get a duster on Jacob, we still have two other wildcats left. Though the likely hood of pay decreases even further. BUT, the real good news is, Malolos should see us back to these levels and beyond just off the gas alone, of which GGX is extremely confident in. And even then we have oil targets in Malolos.
So while we're going to dive if Jacob fails, we still have near term chances to recover.
...Failing ALL THE ABOVE, we still have France. Though if we end up at this juncture we will be a shadow of our former selves. .
GGX Price at posting:
9.5¢ Sentiment: None Disclosure: Held