its arc turn, page-2

Yeah i'm completely stumped as to what the market wants from Arc before it will rerate. The Wandoo asset purchase underpins production for what, 6 years???

Then there's Cliff head improved performance, 20BCF at BS4, Drakea plays, Dunsborough/Frankland development and now Canning.

This share should be a stable $1.80 imho.

Shorters are not an issue now, there's less than 50,000 shares sold short (has had little short pressure for a while now), at the time of Wandoo purchase and pre that announcement, the shorters were stacked with over 3 million shares sold short.

There just seems to be little interest from instos.

With a decent hit on the exploration front (and it needs to be in the Canning), then i think we'll see a more significant move.