The reason for the share price increase is possible take over action.
Tap is the cheapest, most cashed up, oil producing company on the Australian stock market.
I initially thought that Singapore Pet were to do T/O, but following an early post which mention Santos as a potential player, I think that the rational for Santos stands out.
Buy some and look forward to an offer some way north of 2.10 per share
Needless to say I have a big in the money shareholding and not planning to sell until ".10 or above!!!!
The most under rated oil stock in Oz.
TAP Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held