RE:RE:RE:RE:RE:RE:RE:think smaller? 52-week low.....yes, but that also depends on your investing style.
for some, they will sell as soon as the processing goes online. For them, this is getting close to becoming a medium term investment. (greater than 3 months, but less than 1 year)
My guess is that they may push back first oil production to next fall. They initially said first oil in Q1 of next year, then they pushed back to Q2. now they are saying end of Q2. I wouldnt be surprised if first oil came in Q3 or even early Q4.
So I'm thinking at least 6-9 months until the share price starts moving, and then the real movement starts happening this time next year. (give or take a month) Anyhow, there's not much here to see right now, and as long as things are quiet, I expect a slow downward movement in the share price between now and Christmas. My hope is to buy more shares at around 8.5 or 9 cents at that time, and then things will start to turnaround as the plant comes closer to completion and people start to get excited about the stock. (my guess is this will happen around Easter)
There will be short term blips when they announce that the plant is actually under construction on the site and when one or two other newsworthy items come about, but for the most part I think the price will hold fairly steady between 8 and 12 cents until easter.