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07/05/09
16:13
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Well, that was a fizzer of a CSPA!! I was expecting millions of volume, and we got 50k!!
Looks like there were a stack of traders willing to hold overnight.
You can gear into OEX, so I assume people are banking on a bounce.
I reckon if you had some spare cash for the next month - it would probably not be a bad bet!!
How many other small oilers out there, with or without cashflow, are trading 10% below their low of the last 12 months!
Market cap now about 30 million, with cash balance of $10 million which will fund next 12 months expenditure...
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