very interesting nights trading for GBP's Ugandan partner Tower Resources, it was sold down strongly on open being down 5.5% then all of a sudden took off on strong volume and put on 10.5% off its lows in a matter of minutes, moving from 3.58 to 4.00, could have been a speculation backed run or are we seeing the first signs of leaks from the Ugandan drill site, with drilling entering the 6th day it would be very possible that oil shows are starting to show up.
will be interesting to see if GBP can break above the 17c level today, with such a huge target it would only take a few decent buys to get speculation running rife about possible oil shows.
GBP Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held
