Koko, I suspect that it's a load of exercised options being dumped at a nice profit from one or more of the "sophisticated investors". Probably borrowed heavily short term to get them and now dumping them. It is to be expected unfortunately but for those buying them, it will be I think great news.
I do NOT believe it is because of poor drill result pending. They arn't due to finish drilling till the 11th Jan (8 day drill) so it cannot be that. Hold onto your hat because the strong indication is that they will be successful at least on one or more of the sand zones and that means big extra bucks.
But of course as usual DYOR
W
looking forward., page-35
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