Does this need reflection NLI?, page-19

The share price goes down when the investment looks less certain. The announcement this morning basically says to investors to forget about Sepeda by stating that it wasn't big enough anyway (obviously Sepeda and the court case are not going away, but it reads to me as this is the first sign of management telling the market to prepare to move on past it), and that the company has nothing else going on at the moment (drilling to start in Sweden next quarter) and waiting on approvals for other tenements in Portugal, so what are they doing right now? The share price is going to get worse as the company is going to have very little information to release over the next few months. It probably wont improve now until towards the end of Q3 or perhaps the beginning of Q4 - and that assumes results are good.

I said last week that I would look for re-entry in the low to mid 5's.....its definitely high 3's and 4s now......and even then, it is a risk with this management team. This is the first time I truely lost faith in them, not sure what they are doing, but they are definitely living up to their track record!

Sorry all. If your still in, prepare for a tough couple of months.