I think many people do not understand the significance of the 3B/4B farm out.
When it happens (and its when and not if) and when people see its a Supermajor farming in and that Supermajors farm in terms will be to fully pay for 2 deep exploration wells (which will target the biggest targets on trend with Venus and Graf...but bigger than Venus or Graf)......... thats worth 40p a share to ECO imo.
So currently, at 40p.....on a duster it will fall yes.....and fall hard......but it will bounce upwards hard when the 3B/4B news comes........and that excluding the Guayana potential of Orinduick.
That is why I am still holding all my ECO shares, as for me, even a duster its just a case of holding and waiting and the share price will be over 40p again before too many moons pass.
I have a large lump of money waiting as well, to either buy good news or buy bad news next week.
WE might see a 50%+ fall, then followed with a 100% gain with bad Gazania news followed by 3B/4B farm out news.
Or.....if Gazania is good we should see 400% to 500% gain.......depending on how good the news is......and if the news is excellent and we see a sidetrack into Pelargonium going ahead.....that gain may be much higher still.
So all in all, good risk reward imo and ECO is a buy on bad news and a buy on good news........
Each to their own....I am very happy with my stake, its all fully paid for and its going to be a fun week next week......good or bad.
