two and a half times more, page-13

This is my opinion only. The USA action today, Nov 4, was an attempt to break through the bottom of the advancing trend line to set off or trip the pre-programmed stop loss orders. Apparently, with only 25k shares traded after a 20% drop, the move didn't accomplish much, but; the strategy stands to reason. We are within a week of the scheduled announcement and we should be attracting the attention of the more aggressive traders. Don't forget we are swimming with sharks here. Nothing and I do mean nothing would surprise me over the course of the next 7 days in the USA market. 25k shares wouldn't even cause a ripple on the ASX and yet, look at what that small amount of money and shares caused today in the lightly traded USA. The ASX will determine the price of this stock and the USA will tag along for the ride. If the move is strong enough and the plans flashy enough to gain attention in the USA, then we might see an extra boost. I would caution all to give an over riding royalty its due consideration (if one turns up in the agreement) with its ability to generate massive income over the acreages productive life. The price of oil and the expected ultimate recovery will then figure into the sales total value, so some extra figuring might be necessary. As we patiently wait for Nov. 11 announcements, I will not be giving the gamesmanship playing out here in the USA market too much weight. I enjoy reading your posts and opinions and hope the feeling is mutual. DYOR and GLTA


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