RE:RE:POE share price moving in a wrong directionI hope you are correct about third quarter for drilling. I think shareholders here would save themselves a lot of frustration is they just settled mentally for having results before Christmas.
Repsol is in charge here and from the last well we know that they do not meet their own timelines.
I am quite content to hold this for another six months and let the paint dry expecting no catalyst until then.
As of now this is a one trick pony stock. If they hit on Anggun it is likely the stock will an instant multibagger with a bright future of getting bought out for $10 or more. If they miss it is likely to go below 50 cents and never recover and hopefully liquidate. Asymmetrical risk reward situation that has a decent shot at success. A friend of mine was also complaining recently about POE stock price flatlining. It seems some investors do not understand what they have.
They are not producing anything worth mentioning in Thailand except a string of wasteful dry holes. Andorra has zero value until we see sustained $90 or $100 oil prices which may never happen. And cash in the bank goes down every year....
It is Anggun or bust and be happy that they are drilling it is my thinking. I have a huge position and like the odds.