Finally the ptr share price has hit the 2.2cents resistance mark.. Falling from the 3cents mark..
The options are sitting at the .004 cents mark with plenty of demand.
But to get any volume u need to pay 3cents per option...which is nearly 1cent more than to buy the actual shares then pay 3 cents to get the shares...therefore to get any volume u must pay 6cents per share?
The market is saying that u can get a few shares at 2.2 cents but if u want large amounts u must pay about 6 cents.
The Paralana 3 well is due 2half of 2013 and we are waiting for an answer to our application for the $13million dollar grant...
We should start seeing the share price start to increase back up to the 3 cents shortly.....as some experienced traders start taking positions in preparation for the drill.
The first step in a large increase being to the 6 cents mark should happen quickly once the grant is announced.
PTR Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
