Think bigger picture pleaseCascadura is being brought online along with Coho.
Casca Deep has one intermediate zone that had poor reservoir characteristics... it was their
target because of previous B5W had gas shows but had not been tested.
I looked rather at the 8:00 am EST Bid and Ask .... 350k at 30 cents on the ask Lol!
Have seen this too many times with juniors... set a scare price to set the tone and then watch
it move back up... the scare price in Canada did nothing to the actual trading on LSE. In fact LSE came off its low (for now).
Good reason to have some cash on hand is to take advantage... that is if you still believe in the story... if not you sell and move on... or you do as Wildcatter does this morning... I personally bought some more at 1.67 but then had been paring a bit here and there in the higher 2's.
The reaction has in some part the inability to move this thing along in a timely fashion. You get
punished when the news is negative. Fear and greed friends... hang in there.