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People trying to trade it. SP usually drops a bit during a period of no news and we still have warrants to clear it seems. Spu date for the sidetrack is in 2 weeks time so expect it start rising again just before that. Also if the 6mmscf is achieved consistently this month then sp should be higher.
The trades show as buys or sells depending on the spread reported at the time. If your buying price is closer to the bid then it will show as a sell. Remember that all trades are buys and sells. You can't buy if there wasn't a seller of those shares.
If someone bought 2m shares then someone also sold 2m shares.
Traders will know by now that when the sp is held for a while during an apparent uptrend, it's usually a large sell being worked through. The MM's play the market depending on what news is expected so currently the GL interview is why the sp recovered in 'anticipation'. Expect a sharp drop if nothing new comes from the interview.
Possible if the rate cannot be increased much more than the current 3.5mmscf. This would barely cover the hedge which would mean ANGS isnot making any profit leading to more placings. A few more weeks and we will know which way this is going.
The sp will rise as more institutional or big investors start taking positions. The sharp rise and drop after news is because many people are short term traders. Sp will stay in an uptrend from now on but it will be a slower rise as the company reports sales of the gas and income. I expect a slow rise as we get closer to the end of the month or when the comapny announces the date of the sidetrack.
This won't go under 2p if the company announces a steady rate of 3mcf + which looks likely. With a second well the production rate will be over 6mcf easily. We know gas is being extracted so a bright future for those who hold.