Here's hoping the lack of volume was a reflection of the ships being watertight..... and with no hint of a direction some uncertainty crept in. At least we still finished on 16.
Seems to me to be a potential for big short term gain, and failing great news on Monday, there should be positive news not far away in the form of alternative company action.
In view of the share price action with the last speculation, six months ago, I wonder if anyone could venture a guess as to possible SP reaction if good news arrives tomorrow and the coming weeks.
My guess is that the weaker recent financial position may result in a spike on good news (farminee agreement signature / drilling plan) to the mid 3s or low 4s rather than previous 5s. ....pure unadulterated speculation on my part.
Any thoughts (TA's or FA's)?
John S.
MOG Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
