PCL 0.00% 1.7¢ pancontinental energy nl

Ann: Shell Oil Discovery Offshore Namibia On-Trend to PCL PEL 87, page-109

  1. 6 Posts.
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    I just don’t get it. Why this huge selling pressure?

    If they who bought in low at 0.001-0.002 would like to make decent amount of profits, why wouldn’t they just let the SP run north a little, say at 0.008-0.010? What they’re doing now is milking a calf too soon and milking it bone dry until there’s none left. They’re just beating it up. Why not let the calf grow to become a cow, fatten it up, and then milk it? That way, the company gets the attention it deserves, lands on every ASX O&G hopeful’s watchlist and portfolio and the sellers get their fill.
 
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1.7¢ 1.7¢ 1.7¢ $13.92K 819.1K

Buyers (Bids)

No. Vol. Price($)
25 15475582 1.6¢
 

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Price($) Vol. No.
1.7¢ 7028412 7
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