now what?, page-9

Agree with the comparison regarding ESI bagek although noting that the two companies are completely different and BUY could be potentially sitting on something big in PEP 11.

I think the main issue here atm is the placement ""Bounty Oil & Gas N.L. Number of Securities Issued: 52,000,000 fully paid ordinary shares issued at $ 0.05"" Allotment date 25 August 2009"" I reckon some of those holders "soph investors" were probably thinking it was going straight to $2.75 ! lol, now they are panicking because they didnt sell at 18 and think they have missed out on the gains that were staring them in the face all last week... prob thinking that the sp may take a while to get back up to the 16c level again so they bite the bullet and bail now.

After all that is still 250% gains from the placement price at todays sp. That's still a massive gain imo and far too tempting for some it would seem. Then take into the account the masses of st traders that got in early and there are your sellers. I think once the weaker placement holders finish selling and there is more fundamental development it could bring in the next wave of buyers/believers which will more than likely take it back to 16/18c.
imo