'admin' pid='26420' datel Wrote:How about that one, as it makes more sense to me. With the publication of the deal finals we will:
- Derisk the shares to a large extent
- Set the time clock to monetization
- Get fund for accelerated exploration and appraisal
We will also have deal metrics to value and discount. With that, and the above, and possibly new coverage, I think there will be quite a few institutional funds looking to enter or expand their positions, but that's just my 2c..
To all the people trying to play any 'spike': good luck to you! It's a little like groping in the dark, but as the latter, it can be exciting, although success not guaranteed..
Once we get a firm Governmental approval of the agreement and a reduction in the number of shares short, I will sell my "protective" puts and let the remainder of my IOC ride until production. No way I would be in IOC for 7+ years and miss out on that kind of run. Just think it is wise to take some profit off the table, based on the past 7 years - although this time could be different (I have sworn off being greedy). Everytime, and I do mean everytime I firmly believe that we are going to 200+, those darn shorts pull a quick one on us. Everyone I know personally has a limit order in to sell on the news announcement this time, call it fatigue or whatever, I can't help but think that is going put some pressure on the PPS at the 110-120 range in the next week or two. Hopefully the news is such it causes a short squeeze ---- No way will I be out of IOC when we run to 200+