OEL 8.33% 1.3¢ otto energy limited

Ann: Hawkeye Drilling Update Number 1, page-8

  1. 3,088 Posts.
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    I still think someone wants out - they have been patiently off loading for weeks yet today appear to be off loading at will and creating an even more solid ceiling at 7c . A little painful to see this happening so can only hope another entity is going to come in and create some demand at some stage - nothing yet though !! Otherwise it just appears no one is taking a risk with this and will simply be happy to pay higher on success only. A low risk approach but probably pretty sensible all things considered. 6.2c is a breakout retest. Technically I'm OK for this price to be tagged again BUT a close below 6.2c EOD wont be a good look. I'd like to think this wont happen over the next couple of weeks in between updates. E .
 
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