It is quite astounding that this share is being sold off at these levels. I would surmise that - as some others have pointed out quite eloquently - the short term traders (who had bought in at 0.10 levels) are selling. Fundamentally, this stock is way below its margin of safety and should be at 0.45 - 0.61 levels.
I would seriously think of purchasing more shares at these depressed levels and concur with the notion that this company will be similar to Karoon Gas...probably higher.
Add to My Watchlist
What is My Watchlist?
