The shareprice has been a journeyman over the last few years and the breakevan point would be all over the shop. Many (like myself) who have held for years are still in the red.Some lucky buggers bought up when sp was low....good for them. So expect sales when sp rises with this stock.Some sellers are breathing a sigh of relief at getting their money back while others are planning a party or trip to Paris.
Its all good while the sp moves north.
Evan for a tightly held stock(over 45% held by top 20 holders) this stock is traded in small volume and so it has been with recent gains.Really it has moved quite well on small numbers.I think this will change if/when real sales of gas and condensate are made.Its still early days for what might be a great turnaround story.A slow and steady rise based on good drilling results is favourable over a quick rise on speculation,though I would take either.
Good luck to all holders
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