PV1 0.00% 4.8¢ provaris energy ltd

Tukebay , Maybe they aren't looking at a CR this very moment but...

  1. 1,726 Posts.
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    Tukebay ,

    Maybe they aren't looking at a CR this very moment but pretty soon they will have to do one .

    I'm drawing attention to the way across the whole market good news triggers sell offs and the terrible terms which brokers are managing to extract at the moment .

    The SP decline pattern has become all too familiar and I suspect the SP will not start to rise until a CR has taken place .

    The Trump / Iran sanctions hypothesis does not explain the drop from over 40c to 16.5c as unlike (non-floating)LNG gasification plants the assets are redeployable

    Iran-India is not the only potential CNG import project in town and anyway China says it's not going to comply with Iran sanctions .

    Believe me I hope you are right and it's NOT being manipulated down for a CR . Hopefully we have a forced seller and they will run out of shares soon .
 
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