Yes looks like something is afoot, today some 11. 540m shares traded one of the biggest days trading in 6 months and some 8.7m buys and the sp stays the same. Could be someone has had the nod, so look out for Monday should be an rns or more drill info.
cash in bank £100+ mil 20% of all future reserves from lukoil deal and still hold great assets ! yet the market cap is under what we have in the bank ? seriously undervalued and plenty of scope to move the sp way up from where it is today.
Something afoot I would say. Large buys going through and I cannot see anyone unloading at this point so therefore it must be someone loading up. Presumably one of the II's so I would not be surprised if we get a Holding RNA's in the next few days.
We could all get exciting and think someones taking a position for another reason such as takeover, but we have seen too many of these large trades going through before, and last time I believe it was JP Morgan and it was being mooted Ian Suttie was offloading his shares and buying them back under JP Morgan.
All we know is we have a world class asset or 2, shed loads of Cash and having just heard the Webcast a very relaxed CEO - something we did not have 6 months ago!!
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