Any near term spike will probably be a surprise. Perhaps some...

Any near term spike will probably be a surprise. Perhaps some great nickel results, some progress on the Romanian oil venture, getting the OK to drill Cultana,some major development regarding Uley, Bass/Apache drilling in a couple of months so a good discovery there should flow on to the Bas/EBR JV as they will be drilling next door and seeking a major farmin, Graphite Oil Uraniun Nickel ???...as you say lots of irons in the fire. Obtaining 3D in the Cooper prospects greatly increases the chance of discovery. This will be towards the end of the year (at this stage) They did say the last drill had a P10 of 29 mmbls Oil if present. That would have put the SP (Value) near $2 so a small find will be quite nice and IMO not out of the question.
Lets hope Joe has that nice surprise up his sleeve and we get an early peake in SP.Cheap to buy at present and a definite hold IMO.
fc