POO has dropped from $1.10 3 months ago to $84.34 (-25% in 3...

POO has dropped from $1.10 3 months ago to $84.34 (-25% in 3 months):

http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic

TXN has dropped from 62.5c to 52c - or about -15%- during that time, which means it is tracking above crude, so the company is doing ok.

Serendipity, there could not be an out clause yet, because an offer has not been put out there. *Then* there could be out clauses, but whilst negotiations are taking place- if they are- it would be on the info available, including crude price, imo.

As to the trading, if the powers that be want the SP @ 50c to make an offer, then it will go to 50c (or put any figure in as an example- higher or lower). Either that, or as the end of the financial year gets closer, people may start to get a bit nervous and sell, just in case nothing happens, or are waiting to see the results of Olmos, etc.

Two catalysts: Olmos and a potential transaction hoped for in two trading weeks. Interesting.