Doubt there will be another spud this side of the new year. I think the next announcement will be regarding remediation of RGN1 - perhaps confirmation of rig placement and/or confirmation of government approvals. Before the end of September, at a guess.
The longer MIN stays silent, the more I think that they will wait until the AGM to make any sort of move. Maybe they are waiting for the outcome of RGN1l but one false move by the current Board may not only see MIN nominate a new director, but nominate a new Chairman. Bit of Day-Jar-Voo!
No follow through selling at the moment. Total lack of interest or conviction from either buy side of sell side at the moment. SP going lower purely on lack of volume. Matter of time before we get to a price which the market (and everyone in it) thinks/knows is ridiculous, or until someone decides that it is low enough to start some decent accumulating.
October sees RNG1 movement IMO, and therefore I see this as the calm before the storm.
Next Announcement., page-3
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