RE:RE:ITHACA news they haven't released
I have traded it a fair bit in the past but not for at least a few weeks, have maintained my full position, I always maintained a postion when I traded iae, and would trade about 20k shares, which was about 20% of what I had. was too busy trading bbi the past while (since out of it) and a couple of others, iae became too tight ranged and too close to stella, i want to make sure i have my full position when they announce first oil.
just because I say iae is a gamble doesn't mean i don't gamble, lol, far from it. I am in it because of the fundamentals of the huge step up in production which has not yet been fully incorporated into the share price, once it is close enough to what I think that is I will sell all of it. it then becomes just another oil stock exploring and producing( with a relatively small reserve life) etc without the huge catalyst of a double in production.
so the fact that I can't stand and don't trust the management of iae i have no reason to stick around and continue to watch them screw things up after first oil from stella, there are much better opportunities out there in companies with great management teams and huge reserves
cheers ferret