buy gives a buy signal..., page-15

re: expect a quick bounce... The calm before the storm...???

Flat, patient, accumulative trading today, with support apparently forming around 18.5c.

I suspect we may see more of the same in comming days, with uneventful trading between 18-20c, before some kind of catalyst gives it a shove...perhaps either way!

It is, however, interesting to see the price back up to levels originally seen immediately after those "rumours" about a hit at Nyuni.

I must admit, at the time I found Bounty's reply to the ASX a little non-commital to say the least;

"... The company does not confirm the statement and advises that the drilling programme is continuing and will release the results of the Nyuni-1 well as and when they become available."

What does this mean?.

It sounds like something a politician would write. They may not be "confirming" the statement, but you may have noticed, they haven't exactly denied it either...so have they found something or not?

Don't you just love conspiracy theories?

Cheers!