Market Depth

Hi All

I've have always watched market depth as a sign of health and interest in a stock and over the past year+ there has always been gapping spaces in the Buy/Sell columns in PRL until now.

The 'Sell' side has filled nicely now - albeit what you see is what you get - so just waiting now for the 'Buy' side to fill with sequential orders and that is when I believe we will start seeing some action. Obviously OPEC's decision today is giving traders in the oil markets a soft on and will help immensely.

I guess when the depth starts to populate below the 10 lines that I can see on my Comsec account that is when we will have a real market in PRL.

Not a perfect theory and PRL is still 'High Risk' for now. If we get any sniff that PRL has what it thinks it has and OPEC stand firm then this will have been a great buy (or buying opportunity now) for current holders who have kept the faith.

Good luck in the coming months to all holders.

Cheers
BW