why are people selling???, page-31

Occam - Have a look at this link. PVD isn't on it, not a big enough market cap to be shorted if my memory is correct.

http://www.asx.com.au/data/shortsell.txt

Yes, let's have a whine about management's incompetence. The stock is up over 300% on it's float price, we are free carried into 2 wells to be drilled in highly touted Morocco with a large US multinational, an area surrounded by some of the World's largest oil companies and we have prospective leases in Gabon and Madagascar. The latter being right next to an Exxon field.

I would assume a large part of the last 2 days trading was profit taking, rather than downright negativity. Certain investors were more than willing to soak up almost 2 million shares on a 3 and a half hour trading session in the mid 70s on a Friday afternoon no less.

IMO, it's a good time to accumulate for long term positions withMazagan spudding next year, I highly doubt the share price will be at these levels.