Rockhopper

stretch3
13 Jul '12

As quite a new person to share dealing etc can anyone try and help me understand something ....... As all reports show rockhopper has a new deal to farm out and help fund new projects, this deal is worth upto $1 billion . Surly good eh ? So why are the shares dropping after this supposed good new ?? Any ideas please

iomtrader
16 Jul '12

Hi, basically they're trying to pull it down so they can let the institutions in, also today they've pulled it down due to a supposed bad result of borders. It is a really good deal, not only have they managed to commercialise their well and acreage they've also got a 40% stake in all pmo's african licenses. The african licenses they've given away could recoup the amount rockhopper has given to pmo. You just have to stick with this really good company.

iomtrader
17 Jul '12

Hi, what other shares have you got, I've been trading for 2 years so i can give you some companies to look out for if you want?
The shares at the moment are being shorted (which should be illegal but isn't) so just hold and buy whenever you can.

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