Friday's volume was the highest we have had for 10 days and is holding firm at the 14-15c trading range. I am aware that news of the drilling schedule is pending and this is likely to jump on that news. I dont think we can lose at this point trading around the level of cash backing. With only good news expected and depending on the detail this could be headed for 18c (historical resistance and just under the 20c float price); 21c (all time high price from March); 30c (option price) or seeing how other shares have reacted in recent weeks, BUY, MEO, BGD, MMR this may head into areas that we haven't really discussed yet 50 cents plus.
OIP Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
