Radcat,my base care scenario is that POE liquidates or sells out. I think the big shareholders all want out at a higher price. They have been in slow liquidation mode since 2013 when they missed 3 wels in a row in Indo. This has been a slow motion liquidation since 2013 waiting only on Anggun.


if they aquire some concession then I am out of here. Gerald Macy I think is well into his 70's. They had a shot a a ten bagger and missed. It took 7 years to drill it. I don't think the controlling shareholders have the stomach to start from scratch again and wait another 7 years to see if they hit.

all that said I think they will cash out $1.50 -$2.50C depending on the results of the 2020 drilling program in Thailand. They have all year to drill it up, so I do not see any sale or takeout in the first half of 2020. I am planning on a decent takeout in the second of half 2020. It will be well worth holding from here. Patience is tough but necessary. .