Strong depth around this level, and 25c will provide strong support given all those oppies were recently exercised at such a price. All oppies selling should have pretty much dried up.
And the biggest options holder (monti) - who bought $300k worth doesn't appear likely to sell anytime soon.
As long as markets stay around current levels then I feel we'll hover between 25 and 35 for a few weeks when hopefully news of drilling sends it higher. Don't forget it's still tightly held so some good news can see it fly.
N.B. This is an opinion from a (biased) holder who feels the stock would be great value at 50c right now. So high 20s seems a steal.
TRH Price at posting:
26.5¢ Sentiment: LT Buy Disclosure: Held
