There was a big crossing today and a load of additional stock soaked up by buyers in the market. I reckon that was the last of the overhang being taken out. The company was also back in buying some shares, more than it usually does. I wouldn't be surprised if we have seen the bottom. In markets like this you get margin and other sellers dumping shares for non-valuation reasons.
Paris Valley starts to drill in a month or two, we are told that they are working on some major new project announcements and the San Joaquin high impact wells will also be spudding in the new few months.
I reckon we will finally start to see the stock building a base from here.
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There was a big crossing today and a load of additional stock...
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