Undervalued? The market doesn't seem to think so, in fact the selling pressure the share price is under suggests that the market feels it is worth less than the current price.
Hope the share price weakness isn't due to an anticipated poor quarterly due out by 31/10/12. We really need to see some positive news to put a floor back under the share price and get it back rising again.
It'll be interesting to see what we get for our 5% of Kiliwani North Production Licence and hopefully we get news on more precise timing of the drilling of Cyrene #1.
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