Healthy volume today. That's 50mil against the background of approx 87mil on Friday. Maybe traders, maybe holders. If traders are buying for Bongo updates, they're sorely mistaken...
Caza had huge volume on the weekend, but what needs to be remembered is that it doubled before the news. What they have found down there must have been incredibly convincing...
Secretly hoping this turns into the junior o&g corporate play of 2010 with Pass announcing it intends to include; i.e Arran, all prospects into the merger with VIL. Their shares are worth 16% more today than friday with no news. Bongo has certainly created a huge impression for all concerned in the onshore Gulf.....
VIL Price at posting:
2.9¢ Sentiment: LT Buy Disclosure: Held
