Siriusco
Its a whole range of possibilities and I cant put my finger on what is happening and why ... as much as I like to postulate, I am damn near postulated out.
Look at the 2 yr chart and you cant complain ... the relentless sp rise puts retrace/consolidation periods of even up to 6 months in perspective ... which is all the more amazing given that the future potential for this company is to date more the product of fertile imaginations than solid guidance from management.
There are still only about 200 mill shares on issue and I recollect that top 20 holdings have increased from about 40% to just over 60% over the past 18 months or so, mainly behind a swathe of nominee accounts. On what basis could the top 20 be consolidating so?
In the absence to date of any solid announcements, should this be interpreted as entities "smarter than the average bear" taking positions within a coal bed methane play with strategic and valuable gas reserves in Europe based on their own experience, knowledge and expertise? Should it be regarded otherwise?
Assume an average daily volume of say 150,000/day and the complete share register can turn over twice per year. Who would know whats going on! French government? French corporates? Other corporates?
Geeez I am a whiner ... cant complain about the returns to date lol. Can we see the road ahead based only on the view in the rear vision mirror?
Poyndexter
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