PCL 0.00% 1.5¢ pancontinental energy nl

Ann: Namibian Ministry Sign Off On PEL 87 Licence Extension, page-80

  1. 191 Posts.
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    Yeah, I've noticed it too, a slow build up at 0.005. I think it was 28M support at that price two days ago, now it's 43M. Volume is extremely low, only dribs and drabs selling, so likely impatient small time traders at work. Very few nibbles at 0.006, if the support at 0.005 gets up above 60M I'd expect it to VWAP at around 0.0055 as people realise they won't get any action at the bottom of the 0.005 queue, but I think all told it's news of a farm in that everyone is waiting for and that will move the SP.
 
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