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27,851 Posts.
3379
07/05/09
19:28
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good post james,
lets assume 2 or 3 majors have bolted,
that means they can do no more harm,
and you then have to say, at 30mill mc, with 10m in the bank,
and some pretty handy acreage, and jv deals and resrtructuring, probable more cash flow in from theose jv farm outs,
with some production already, and some more to come esp when the indonesian shuffle is sorted,
what can i say, it is their loss.
I'm just glad to have bought in, after they dumped.
As Ipod said, for the 30mill share dump, there was also 30m shares now in stronger hands.
Looking at its chart,, you dont find dump volumes of that magnitude occur too often.
I'd have to tip a bounce, dow pending.
close the week at 20c, lets see.
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