Yes not a great picture ... still, haven't moved even though the OBs are now trading below 2c ... thinking the next CR could well be 6c etc
Printable View
What a DOG ...RLE just as we predicted going down the drain ... wish I never picked for one of my ASX comp picks.... but could be worse could be still holding
I had it on my watchlist based on this thread but luckily never bought in. So if the wells are not commercial at all they will go belly-up or is there a turnaround story in the offering here?
Who knows plenty of dreamers on HC that think its great buying ... but they have been saying the same since 14c
looks very risky to me .... need 6mill to build pipeline + more drilling funds but then decline rates look steep hard to see much profit from operations IMHO
JB,
Got in and out for a small loss . But I have it in the comp which is a big negative. Scott B has really underperformed. Quite incompetent really.