I just talked to a mate of mine who used to be very close to the thk saga. he still is reasonably close to the situation.
Apparently everything there (except the sp) is going really really well and in the next couple of days there is going to be a big conference call between all the big wigs here , houston and london to try and keep things going and get some people behind it. Hopefully at least it should see some support come in and the stock will (should go back at least through the 40's.......
Things only started to go wrong when that di*khead Peter Stracan got involved and bagged the stock last year and even though he was wrong and issued an apology it has been all downhill since..........
Maybe people just don't like these type of low risk shale gas type prodeucers?
Anyway I decided to join the party and have bought a few at 35.5 just because surely there cannot be much tax selling left (i think there was a big crossing at 33.5 today which was tax selling)
MC
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extract from newsletter just issued, page-4
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