cheap mmr, page-24

Unsinkable,

I agree that some would be selling pre-spud as is the usual practice. I do not think it is panic selling as the traded volume today represents about 3% of the share holdings and we do not know how many were actually sold, bought and resold for some trying to make a buck.

IMO I believe the majority are holding in anticipation of a successful drill.

I was one of the MEOites that lost some big dollars on their duster but as a Peppie, I have more confidence on the PEP11 drill.

MEO was always going to be a gamble whereas PEP11 has had the individual reports that paint a much better scenario.

The only thing that would alert me during the drill will be if the volume of selling increases significiently without proper reaseon.

Actually glad the spud is going ahead two days early as it will have caught some of the manipulators and accumulators offside for once.

Good luck to all holders.

Hold MMR, BPHDA and BUY