re: Ann: Exploration potential target 280-350... mknop,Can't...

re: Ann: Exploration potential target 280-350... mknop,
Can't disagree.
There aren't many people reading the LBY threads on HC so the price probably won't move much until tomorrow if the news is covered in the print and/or electronic media. It would be reasonable to expect a bit of a re rating on the day of an announcement, some day trading and then the following day, following media coverage some further movement. Volume today at 12.2m shares traded with an hour to go and ear high today and last large volume in May with about 22m shares.
The action hots up when the larger players start acquiring a stake as has been seen with many other Coal Seam plays.
Some of the larger players like Santos and the like seem keen to secure a stake and to pay a good price to do so.
We'll see.....