We have seen it many times before.A big spike up and then it...

We have seen it many times before.

A big spike up and then it comes down and stays low for weeks until there is more news.

This was imo, dare I say it, different.

If you were keen on it and saw it drift down to 26.5 cents then surely you would sit quietly as a buyer at different levels and just pick up stock over a period of weeks at around this level.

Part of the answer could be the small amount of shares on issue.

Did someone start buying back thinking it was oversold and then traders jumped on it again.

Whatever it is or was, normally a spike back up to 39.5 cents (closing price on Thursday) does not happen after traders have well and truelly left the stock and things have cooled down.

So I am suggesting that something is up here.

Drilling as has been said will prove this one way or another and we are probably 6 months from this and results.
Hopefully they can get some rigs and get this moving quickly.

Flipper