Dargie,
Yes, but the sellers were selling into no buying interest before, largely waiting. Now they might be selling for the same price (even marginally lower on better newly gas charged company) but the volumes have been much better the past few days. I suspect if it wasn't for the keen selling some of those buyers would be happy paying $1.20 or more.
This right now has $1.50 to $2 fundamentally (Selmo only)written all over it imo. It wouldn't suprise me if we jumped 30 c on half a million or so shares at some point. I don't expect many sellers apart from the distressed ones, and once they are gone the buyers will be fighting for script.
EL
IPM
incremental petroleum limited
perhaps best leverage to rising poo, page-7
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