In the spec end of the market, news is not the only driver of the SP; hope is a more powerful driving force.
Hope of a imminent acquisition in Mongolia, hope generated by the renewed interest in the Canning Basin, where the big boys are farming in and taking a stake.
There is nearology in the Canning Basin, flavour of the month with Mongolia, and resource boom to remain intact.
Not least, there is a new management and new strategy that we hope will lead to better times.
TPL Price at posting:
2.9¢ Sentiment: LT Buy Disclosure: Held