RE:U r right Yeah on Kawa it shot up to about $2.70 just before spud and then drifted down. The rights offering was announced Sept 23 2021, if memory serves followed by a NR that they had reached close to 10,000 feet TVD, top of Upper Cretaceous, with formations coming in on depth as prognosed. I expected a big jump up as they drilled into the Campanian soon after the NR. The sp drifted down instead.
So it's difficult to know exactly when to jump in and out. But long term trend line averaged up until February. So I guess that even if you did pay too much now, the trend will be your friend if they hit. Because they say that Wei is updip from Kawa then maybe they'll hit top of Cretaceous in less time then the month it took to hit it from spud on Kawa. So those sitting on the side lines now only have a small time window to get in before they penetrate the first target.