Morning guys,
Shame that the last hour of trading in the US will have smashed confidence amongst many punters.
Just a point of interest. ROG finished on a 15-month-high on huge volume yesterday. While closing at 4.7 it should have a target of 7.5. The interesting part is that it is a supposed junior partner to CTP. For their deal to come through BG has to sign off on it. As mentioned above, there was meant to be word from CTP by close of business yesterday. No announcement has been made, but the ROG price action might be an indicator that something significant is going on. Also CTP was relatively strong yesterday compared to recent days.
I would keep a close eye on both, ROG and CTP, since last time they announced a minnor to join we had some crazy upward action the previous day. Am holding CTPO.
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