Don’t you just hate it when you’ve just brought a stock and it’s looking good and a big seller turns up killing any chance of it moving higher in the short term.....
A quick check of the annual report shows our 10 million seller is:
OJVM PTY LTD 10,000,000 1.3%
When I read back through the threads for this stock there was comments about a 10 mill buyer at .006 so I’m assuming it’s him and he’s wanting out with a 20 grand loss. Ouch.
I realise this stock must be extremely frustrating for long termers but i see it as very low risk with decent upside if they do a deal with the Eagle Ford acreage. Ideally wake up one morning to an announcement and it’ll easily double or more.
Has anyone ever written to them and suggest they promote the stock more, put out a few presentations, get a twitter account etc?
Ann: Quarterly Activities and Cashflow Report, page-8
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