Retail and traders caught out and stop losses hit. Sophs took this as an opportunity to suppress the SP under 18c and increase their holdings. There was a lot of buying and hence the SP traded between 16-17c most of the day. If it was bad news we would be under the CR 15c price.
I can see this back around 20c by Tuesday. Then as soon as we get further news on bank credit or cornerstone investor, logging, 3D, etc. This will keep rising and rising. Less than 200mill MC for this company with this discovery is ridiculous.
A lot of people are unfamiliar with oil and gas, and hence just follow the herd. If they sell, it's bad, i sell. But if you know, you would be holding or buying at the moment.
sorry to the mums and dads, but these sinister sophs are taking your money.
Ann: Additional gas discovery in Lower Angwa Mukuyu-2, page-680
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