The Specialist12 Aug 2010 19:03
'The Eni SpA field trial development work continues to progress in line with the revised timetable and plan for Corac to deliver in the second half of 2010', will not help investors or potential investors."
The fact that they are on plan is good news. The market's distrust of past performance meant that they would not have been surprised if delays were announced. Delays were not announced and the buying reflects that. The MMs did not know what to do this morning and tried to coax selling based purely on a slightly increased £ loss, which for many that have followed this share, was expected.
Watch out for Director buying to give this a boost before the ENI handover or additional contracts are announced.
DYOR