* a genuine seller would use 'iceberg order' mainly to get the best possible selling price. Or if he is nervous (small retail) investor then still he/she would use some strategy to sell small parcels to get out. TAP has been trading over 0.36 without any large selling occurring, so I rule out this small retail guy.
* there is an increasing clarity on debt, cash and even payments that TAP has been able to offset against its due receivables from Chatchai.
*LVR is a non-event eventually its a trader thing, no impact on fundamentals of TAP.
* Risco withdrawn?? they just increased there stake and as per their last notification they made a purchase on 29th July. Not even a full week have gone past and you saying withdrawn?
very gloomy...?? Things were worse 3to6 months ago, again after this last quarterly things are taking shape, becoming a lot clearer and fundamentals are improving fast for TAP, there is strong chance that in next 3 to 12 months (if not any earlier) we will see oil price up $20 to $70 than dipping $20 to $30.
Cheers, will look fwd to see your thoughts on this.
TAP Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held