It all subconsciously helps. I believe it will help PE in a small form of way. As you say it creates the right awareness and this is important to help the Govt make the right decision. Everything helps. Chairman Nick Limb also runs MDL AU a large employer of people in Senegal (maybe 1000).
Things take time esp. in Africa. This is not a done deal for WPL and they know it (otherwise it would be a lot more promoted + COP wouldn't of made the repay back statement in the 1/4ly). We need to be patient. Maybe WPL win in the end, but right now they haven't. We also know FAR have somebody very big behind them and maybe a preferred party for the Govt than WPL. Time will tell who wins.
Also understanding more about yesterdays crossing, there isn't anything funky (that some people say, warrant trading etc). The crossing codes can confuse people and drive imaginations wild. When you google to look up the ASX code explanations don't make sense either. I understand the buyer has more to buy (but wants blocks only) and the seller is somebody moving on (for what reason I have no idea). Could be fund redemptions, could be change of fund manager, could be I have had enough (like a lot of people on this forum), could be anything! 1 thing I sense is that I don't think FAR are come issue any time soon. If PE fails the big backer will have a plan B. remember Cairn want to sell down part or all at some point. There will be many twists and turns and the outcome will be something probably least expected. What I know is the game is well and truly NOT over, it has only just began! I think management have done a great job thus far to put us in this position. Yes the share price is terrible, but I am not sure if anybody else running the show could do better. 110m + are shorted right now and could possibly be all by 1 big quant fund. that hasn't helped the confidence of the share price. when the ship turns it will be quick fast. share price could double within days. I guess everybody forgot that type of move we had back in Feb.....current level to 12c like a rocket. hang on
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50.0¢ |
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Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
51.0¢ | 51.0¢ | 50.0¢ | $12.94K | 25.76K |
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No. | Vol. | Price($) |
---|---|---|
2 | 871 | 50.0¢ |
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Price($) | Vol. | No. |
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51.0¢ | 270107 | 4 |
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2 | 871 | 0.500 |
2 | 32029 | 0.495 |
1 | 38794 | 0.475 |
1 | 42553 | 0.470 |
1 | 3000 | 0.465 |
Price($) | Vol. | No. |
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0.510 | 270107 | 4 |
0.515 | 67887 | 3 |
0.520 | 388616 | 9 |
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