Based on gas shows in Barker Creek Oct 24 announcement the sp hit a high of $1.265. Prior to the announcement the sp rose from .31 on 20/10 and close at .39 on the 23rd Date Open Close Vol m 20-Oct 0.310 0.315 2.6 23-Oct 0.320 0.390 7.5 24-Oct 0.420 0.565 26.8 25-Oct 0.590 0.530 11.9 26-Oct 0.550 0.745 23.4 27-Oct 0.810 0.870 32.5 29-Oct 0.870 0.870 32 30-Oct 1.075 1.200 49 High 1.265
A similar situation has occurred now with sp opening up above the 24th closing price and prior to the announcement on the 27th. The volumes however are huge compared with the above.
Is this due to: 1 announcement confirming 400bcf which would confirm viability of lease area 2 disaffected traders getting back in 3 something else ie interested parties even though GDN's reply to the ASX query was "not aware" 4 pump and dump
Tomorrow will be an interesting day and especially if there is an announcement confirming an 'interested party'
GDN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held