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Petrel Resources - moderated discussion/research part II
tonystringy - Fri, 29 Dec 06 :
LOL!
What a plonker!
If PET's sp does rise to £1 or £2+ early, or at anytime during 2007, it will be on the back of +news. Just how + the news is will largely determine the rise.
I say possibly £2+ by end of 2007 because it could be much higher than this.......depends on what, if any, contracts they secure.
I would expect to see a rapid spike and then a retracement but to what level and how far any short-term retrace, is impossible to predict. It would of course depend on the markets in general and the significance of any awarded contracts.
In short.......the risks are high......the downside limited to (40 points?) the upside limited to (100's of points) and the odds in PET's favour.
-Not a bad risk/reward scenario for the adventurous!
-Note how the derampers appear in force, close to a potentially pivotal point in PET's history.......now why would that be I wonder?
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