Are is the seller stupid? Perhaps he/she bought in the low 20s and is looking to preserve a profit? Or took some of the 39c placement and wished he hadnt ...The delays at Galoc are costing the JVPs dearly ...... was recently speaking with one of the Philippine based JVPs and he reinforced to me the pain they were suffering with ongoing cash calls from the FPSO etc.
Big and well cashed up players like Vitol and Nido can weather this ,,, but the small fish will require further bridging finance ..imo.
In OELs case they also have to find $13m for drilling in the Po Valley next month ..... so I would imagine some close to the company may be rattled by that ??
Perhaps the seller is SandyBeachs? He used to post here 10 times a day and claimed to have daily contact with Axel Parks and Jaap Poll ... but now posts 50 times a day on other threads ....imo.
SALTY
stupid seller trades today, page-4
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $9.013K | 751.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 9764560 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 11448013 | 20 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| OEL (ASX) Chart |