It is interesting to know that 600k shares can caused a dropped of 20%.
Before market opened a seller put 600k for sale at 2.3cts & removed later. Then a buyer appeared to buy 200k shares at 2.5cts, thus bought 92,325 & remainder as buyer. Then appeared the 600k sellers who sold 107,765 at 2.5cts, 200k at 2.4cts, 280k at 2.3 cts, 12,235 at 2cts . Thus, caused a dropped of 20%.
Luckily, the support quickly brought it up to 2.5cts.
What has changed? I’m sure farmout & production test still ongoing. Now, additional work also on Cyrano. It is natural for those who don’t believe to sell out, but equally true for those who believe in it to keep on buying at this value.
OBL Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
