They've been window dressing the closing price for months on...

They've been window dressing the closing price for months on both the ASX and AIM. They're doing it right now on the AIM with trades as small as a coupe pounds in value.

I suspect it's to do with Magna Energy.

If it were general risk aversion the stock would be more volatile with larger orders IMO. When you look at the demographic across all participants the risk profile would be more diverse than what we are seeing.

Instead the price is being pegged back and on the AIM and kept steady and walked down on low volume and sometimes bids being pulled and repriced lower to encourage lower mid price sales. It's way way WAY too consistent to reflect the broader natural market behavior. So I suspect the larger market players are in the know who's behind this and are staying clear so as not to cross or interfere with this client. To have that much clout to basically kill the market they must be a major player with bargaining power against other business they do in the finance or oil and gas sectors.

I would think a bid or merger is almost a certain to fund the remainder of the Cambay field.

What I do have issue is, is the price they are doing this at. It should be 12p held for a 20p offer. 6p is just going to get practicably all shareholders nose out and offend everyone.

I also think a 12p or 20cent vid would fail to get the 90% needed to succeed.

In a by holding it back this low they're setting themselves up for failure IMO.