With that much cash in the bank, positive reports on the well flow rates to date, that massive gap @.50 looks like a great buying opportunity.
Notwithstanding, I am a little concerned by the high vol today. I would like an update to the market, just to know we are trading in an informed market. Dispell or confirm, I don't care but for a level playing field.
lots of small trades to stay the day, but it finished off with a lot.of.buying. Player hit its mark it looks like! as it has seemingly found no support on any of the lines. Unbelievably this puts us back in the zone of a long term trend.
I am a little taken back by that self-revelation. I don't quite believe it either and I edging back to the buy stack!
Cheers,
SF
MPO Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held