market reaction to smegsy sales?

Will be interesting to see the market reaction to a Smegsy sales contract when it returns to trading (tommorrow?), assuming that is what the trading halt is for.

GOG hasnt had a lot of friends in the market recently, has traded very thinly for some time now. There was also no insider trading in the lead-up to the announcement and it has made numerous announcements inferring that the contract deal was close, so it is not exactly a surprise to the market.

However sales arent sales until there is a contract, so maybe this will be a motivation for some serious buyers.

Cant see GOG kicking strongly on return to trading. However I hold, so fingers crossed for a nice surprise...

GOG also has a couple of Cooper basin wells coming up.
Not far off either.

acturtle