Dott ,The large seller is gone , price is just consolidating at this level from its run up. Selling depth is not huge, just a lack of buyers visible onscreen but my hunch is there is plenty of buying to come.
News flow will be very positive in Feb , and exploration rights and farm in are not far away which will be the catalyst for the next big move up.
Falcon also will announce the terms of their farm in deal with Chevron which will be a guide as to the value they place on the Karoo.
Be very interesting to see where the share price is in 3 months time ..that will be the real test
CEL Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held
