At least the second part of the day was all red and then a buy of 1 million. It is clear that the prices are deliberately dropped to encourage sellers as there is a big buyer at these levels before the news and as a result of vibrant Gujarat. I am buying here (yet again). IMHO 4-5p in two weeks time at the most. GLA
Well my initial intentions were to add at 2.49 and 2.29. So 2.32 and 2.25 couldn't resist. Point here for me is whilst oil is well down, the gas news will carry more importance for me. The news of 77 if good could see this move also. Don't forget even though the oil price is down, This time last year we had nothing but hope and waiting for gas sales endorsement in the pipeline, we were much further behind in the development of canning too. To me this is worth multiples, but that is just a view. Also this all seems a little sniffy to me and I'm betting on seeing 5's and 6's once funding is clear and news flow commences.
The 150 and 100k marked as buys were sells. So around 350k of sells and 130k of buys. However, bit mean to drop it 10% on that single 100k sell first thing. Adamsrups, hope this picks up with news again well before a pickup in oil prices, otherwise may be sitting on this for some months! Still not added any and really want an update first. About time we got one!!
nothing has changed four us, 3 x buys to sells and yet they STILL mark us down on market sentiment over oil prices... when the reverse oil spike happens you can be sure that they won't mark us back up..
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