strong price action on a panic day!!!

Hi all,

I would think prices usually fall on ex-date towards rights issue price (& plus we have a placement too), but all i can see, apart from some treeshaking this morning, GTE has held up really strong on a day when everyone panics.

Tibbs, u'r more expeienced. Do you think the company may have a bloody good announcement coming (either re exploration program on the newly acquired land or Doolgunna land application granted etc), as I would think companies usually put out a good announcement during rights open period, pump up price to further encourage take up of rights? It would be great if you can share your opinion on today's price action & what may be behind this. CHeers