selling pressure fairly constant, i wonder if octanex are going to be lightening their load?
or perhaps the opposite?
the detective in me wonders a bit whether the recent takeover bid was just a ploy to force the shareprice down in such a weak market and allow them to accumulate some more at ridiculous prices.
if the latter is the case, and we begin to see some positively revised change in shareholder announcements, we could see a PES type takeover unfold over time.
at the volumes of late, it could be a while though. i agree LT. will continue to build my stake where possible.
OIP Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held