Thanks 6 for the links. Yes agree it's more a situation to prove that it can be flowed at all rather than the volume. I hope they can Communicate this when it comes to the trading halt that will be required when releasing the results (ie) I hope the market is prepared not to see large flows. They have suggested the flows will not be big from this frack so I am sure the market is prepared but given the anticipation of the first shale development in this country, I just hope it can be a little above expectation to satisfy the punter market too !
On to the price action....I thought we were going to break the 12 support level today and it continued to be offered quickly each time it went 12 bid.....But...it held in and the index was more promising at the end of the day. Also interesting performance from BPT which rallied ~4%. Both are holding trend very well given the 9+% drop in the index in the last few weeks.
it would be great to get some news on the other projects to assist the bid tone at major support here. Will be interesting to see if anything is forthcoming.
thrum, thanks for the clarifications and flow expectations also. Keep the info coming - all good reading.
Thanks
ADE Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held