AYO unknown

AMITY charts, page-2

  1. 3,800 Posts.
    AYO should go well in lead up to next well in Turkey early November. 40 cents earlier this week was a steal.

    Forget your charts as near term market action will be strong in lead up to spud of the well, then dictated after that by the result of drilling. A duster will see it head south again for a while.

    The underlying long term view however, is good and the story re gas sales has to get home eventually. I supect when AYO issues ASX reports that show genuine, increasing cash flows from rising gas sales, its price should head north as the disaster of failed promises over the last 6 to 12 months will be forgotten..... The quarterly is due next week so evidence of some real dollars in the kitty may also spur the market along.

    AYO is still good buying to hold for the next two weeks at least.

    I have even convinced myself to buy some monday.


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