Been thinking of a few possible scenarios to explain today's sell off,
1)a large holder had to offload and the herd followed in panic?
2)technical traders selling due to a bearish signal on the chart?
3)a capital raising coming – insiders?
4)bad news out of NY that we're yet to hear re fracking?
5)“sell in May and go away” has come early? (related to 1st scenario?)
6)and lastly – the issue of 3.2m options spooked everyone (but I doubt it)
Seems odd that it would sell off with the quarterly so close to being released.
Hate to admit it but I'm guessing No. 3 CR. We had approx 5mill cash at last ann and with the well completions + other expenses it's likely we've used up quite a bit of that.
Just my opinion.
stage is set for the biggest run of 2012, page-302
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Last
24.0¢ |
Change
0.005(2.13%) |
Mkt cap ! $283.9M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.0¢ | 23.0¢ | $36.78K | 157.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 69283 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 380932 | 8 |
View Market Depth
| Last trade - 11.01am 22/07/2025 (20 minute delay) ? |
| BTL (ASX) Chart |