The latest announcement (16/1) has UBS at below 5% holdings as at 13/1/09.
Given they announced holdings of 7.55% at 30/9/08 means they have been forced to sell down aprox 40mil shares since then.
No wonder the sp has been smashed.
It seems CS are being involved in a positive way again to take up whats left of the slack.
Good news from Jakarta is site works at Senkang LNG expected to commence March/April 09, so hopefully not much more time for shorters to continue their evil deeds.
Hopefully not much more time to get in at these prices!
With developments confirmed and production income due in the next 12 months this is one stock that can't stay down, irrespective of any global recession
If you take out the 1mil shares sold in one hit first thing Thursday morning ( after DOW had tanked ) dropping sp 3c to 26c then the sp has held up well in a volatile week.
Looking forward to the climb back up ( and over ) as the year progresses.
Regards Shamish
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