I think judging from the BBs that most investors were content with the strategy of the company last year. We had the AGM, Oslo and then Oil Barrel where the presentations were consistent and we know what the company is aiming to achieve. It was clear that there would not be any further news after the RNS in November for some time. However, POO reduced from $70 to $45 and the shorters were looking to profit from the theory that the Bentley project was being derailed. RC has come forward and said it hasn't been derailed. Now the shorters may want to test this. There probably won't be official news for a few more weeks. However the shorters know now that there is a risk that the BOD are making progress and it's not a one way bet.
I invested in Barclays a few years ago when it dropped to well under a quid. The shorters bet on the chairman misleading the market. The only problem for them was that he wasn't lying and they got burnt when the sp went north quite swiftly.
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