Hi Scott
TNX for reply.I have same idea about the sp movement.We probably will see the same moves in the stock markets like you wrote with first an uptrend and then the profit taking.
A takeover so far is not something I wouldn't like to see .The quicker it happens then we lost a possible more decent upwards trend in the future when CLL could control and reduce the debt and has reached a decent output.Of course if things go wrong for some reason or they plan more dillutions then a take over is a better situation.
They are not so clear what they wanna do in the future for expansion ?We all know they can't do it even with both pods at full speed or they delay it until they got enough cash from the production or other sales .A partnership i would like the most .
Now we have to wait in which range the sp would behave.1.88 will be reached but then it's the question what to do?I will get out at that level but how low we will fall and when to step in back will be the main question?If we smash for some reason the 1.88 what will be next stop?
Because when we dropped below the previous long term trend between 3 and 4.5 we were in free fall with some stops between towards 0.58 .So if we break out on 1.88 next possible stop could be 2.0 or 2.39 .
At least we must be on alert not to step in quickly .I bought most part after 1.88 sell around 1.45 but we went lower and are still below.
A further good ramp up ,more reserves in summer and who knows more asset sales of the gas or a partnership could make things more positive.