Ann: Invictus Energy Maiden Prospective Resource, page-24

T20 held 45% 4 months ago. I suspect this has only increases since. Free float probably 150m shares tops and we have churned >25% of that in the first 2 hrs of trade. If we can form a base here mid 5's that should set us well over the next few months.

Gap may close. Getting pushed down further right now, but if it does I expect there to be plenty of buyers that thought they missed low 4's. I know this stock has a lot of UK attention. Was c. 10pm there when announcement came out (on a Sunday). I expect this might take a while to see a true reaction which is amazing considering what we have already seen in terms of volume.

I would be disappointed that I missed a great trade peak to trough if gap closes (especially in current market) so don't be surprised if some of the volume is people who are still totally keen on this stock. All in all though keeping an eye on the prize I suspect after volume and volatility subsides a little we see a sustained northward move.