I would consider that we are looking at huge volumes on order, very difficult to fill in today's markets unless (like you say) the MMs are trying the profit taker approach. I for one (in since 10p) will be holding tight despite the temptation!!
regards
Dave
I can't imagine that large buy orders are being filled yet but piece by piece would suit me!
I imagine that most informed holders will just wait until an offer is made/accepted.
regards
Dave
I can't see much on the RNS that wasn't already known, D2 down causing a drop in production etc etc.
Settlement on the insurance should be the next milestone but $7mil cash in the bank is low, I'll have to check the burn rate!!
regards
Dave
Or putting some funds into the coffers because they need it! ;-)
I personally think that the management have taken some sensible steps (as clarified in the last rns) and this should see the cash burn on interest and capital repayments reduced.
regards
Dave
I would consider it an 'almost' safe haven in this current climate. I personally can't see the 10p retrace that some are hoping for, if the mms are trying to fill order books the only way they have a chance of doing it is with profit takers and a drop to 10p or thereabouts would create a huge rush.
regards
Dave
For those considering NGL see aiminvestors's link, posted Friday 20:13.
This pretty much sums up the basics and very reasonable basics they are too!!!!
regards
Dave