There was a bloodbath on the AIM with LRL dropping 26% on a volume of 9.98 million shares.
The share had been hyped massively on bulletin boards and many posters were critical of PA and his overly optimistic press releases.
It would have been a great bonus if gas from the first well flowed in commercial quantities without fracking but the need for fracking, and a delay in fracking till mid February, IMO didn't warrant the massacre witnessed on AIM.
Will ASX follow London as it seems to have done recently or will cooler heads prevail ? We will know in a few hours.
LRL Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
