Despite all the talk of a spike in share price, the price of shares and options is continuing to fall. At the time of writing, the shares are at 9.1c and the options at 5.5c. I nearly bought more options last week but missed out and then was glad I did as I watched it fall past my one day low ball offer - the question is how low can it go? Options at 5c is just around the corner and that prices shares at about 8.5c. That seems to be the reality this week.
Sounds like they better tell the market when and how they will get some oil out of the ground, rather than just telling people how deep a hole they have drilled.
Anyone wanna take a stab at how far the price is going to fall before it turns around, and when it will turn around?
MAY shaare price - how low can it go?
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