RE:Re run up Taal and everyone, I would have to agree.
As results to my understanding are expected for early December (with the off chance of preliminary news before then) and where we have (as suggested by SheDrills) weathered the shorts following the RO and JDC has offloaded its position to shore up its debts, then there should be nothing hampering a steady climb over the next few weeks based on speculative buying. Steady growth is what I would anticipate, with it obviously going gang busters closer to the time we could reasonably expect results. I would only hope that our fearless leaders take the reins and bring CGX into the preview of greater retail investment.
Even if results are expected to be negative, I think FEC and CGX have let a rabbit loose as the second well is obviously confirmed via Maersk's drilling calendar (as highlighted by SheDrills and others) and confirmation of Wei will solidify all the speculation. I believe they will sit on that hand of pocket aces and release news according to what they initially foresee from Kawa. If Kawa is positive then Wei will open the floodgates farther. If it is negative, Wei will slow the immediate departure of shareholder value. If they let Wei slip, as they obviously have, it is to keep blood in the water and hold the attention of opportunistic investors, especially those of us with longer term strategies.
That being said (and it may be wishful thinking), fingers crossed we have a 3-5% day on day climb. Would be ideal to go into results with a share price somewhere between $3.15 and $5.70, the former being the more conservative estimate.