GBP on the LSE, dropped on low volume the day of the Quarterly announcement. The seller was a fly by night, that was ramping three days before the announcement using all my posts
However all his shares were quickly bought up and since, GBP has started to rise and for the first time in a while, trading just a tad over cash
We are thinking all the runners and riders are going to have to lay their cards on the table in the coming weeks ahead of the Tullow spud. PCL may with ASX rules be able to publish daily drilling reports, which could put even more pressure on the players looking to buy in
Could be looking at a buy out or farm out with an option to buy at a higher price, after Gemsbok is drilled, which may suit the Peters large 40% holding
All to play for and hopefully not much longer to wait
GBP Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held