The ann to not drill mer has probably attributed most to the sp decline, STH we're looking for a quick dollar, but this scenario has evaporated. Even any astute investor would take more than 24 hours to digest the EFS aspects of the TH, hence you could assume most of yesterdays holders exiting were pulling the trigger on no mer drill or following the market on emotion . Today we saw that initial volume nearly half , which also suggest this news isn't terrible, remember for everyone going there were just as many wanting in. I suspect by Friday vol will be back to normal, nothing dramatic here will change , next week brokers commence the end of year break, and any one else selling will see the orders executed by ppl who know these prices are rip and can Affort to keep buying over the break. January will be different story , EGM , spud of the first EFS target STSA. Brokers will be briefing the clients on this deal , ST traders will return to buy Pre spud , small retail investors will be out in buying on there emotions. Plus we should be two months into revenue of the two wells in play. ST this looks better than it did last week ,mid term is all subject to how you vote at the EGM and long term ..well theirs still the canning .
NSE Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held