Now we have the Chi-x as well and if it trades there and not on ASX it reflects a different market on volume and hence totals are different.
Looks like Brent may push into the $50 zone tonight. Its been a while but appears stock inventories may be declining quicker than anticipated. Should hit a fair bit of resistance at $50 however.
Plus throw in the odd disaster with a slight decline from a producer and the market is screaming for a reason to bounce or drop.
Over $50 and Cliffhead really starts to make some bloody good coin.
The market obviously thinks this deal will fall over or has no chance because on my thoughts this stock should be currently at between .005 and 1 cent just on the anticipation.
Speculation does not come any cheaper than what our current SP is ???
But not so and very disappointing.
Complete lack of interest on what could be just massive for a little minnow like Elixir.
The three Directors of Elixir should right now be absolutely pulling out all stops right now in getting this deal to happen and across the line as difficult as it may be.
Given the deal does get through I would expect the early rise between 2 to 4 cents providing oil can stay over that $50 level. Then the first qtly should make many people sit up and take notice given the positive cash flow.
The above is all of my opinion only so Please DYOR.
EXR Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held
