the lack of pre-spud anticipation is due to the uncertainty around Tunisia imo.
Unlike other drills where you may see a rise prior to spud and a sell of on announcement of spud it may actually happen the other way round this time.
The spud will remove the risk of the drill not happening which is what I believe the market is factoring in at present.
It looks like Alto Capital don't want to sell their VILO just yet. They are probably waiting patently for the frenzy which will no doubt arrive as we get towards the business end of this drill.
VIL Price at posting:
1.2¢ Sentiment: None Disclosure: Held