OEL 0.00% 1.2¢ otto energy limited

a good sign, page-12

  1. 326 Posts.
    lightbulb Created with Sketch. 4
    at the moment there is roughly $50,000 between the
    0.088 and the twilight zone 0.105 on the sell side.

    this could change very quickly but it seems the fear
    of missing out is over riding the general market fear
    of a sharp downturn.

    we may see a gap up to flush out the supply and lock in the more nervous holders in the 085 - 095 price range.

    equally a gap down into the eejit zone of 0.07 - 0.075 could free up some supply but with the
    current program underway that seems extremely unlikely
    especially when you throw SC55 and Duhat into the mix.

    a gap up into the 0.95 - 0.10 on strong volume
    should create a sizeable supply but if it does'nt free up
    the supply then i believe that we are heading way past the twilight zone.

    all pure conjecture, but once the first horizontal drill
    is completed without any problems we should see a very
    different trading pattern based on Galoc alone.

    we live in interesting times!

    meanwhile the cash register keeps ticking over daily
    defraying the costs , not a bad position to be in.


    macgee
    dyor
 
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