The sp always tends to drift in the absence of announcements....

The sp always tends to drift in the absence of announcements. The 2c mark was the old support level, but I'd guess it's around current levels with all that has occurred since then. Buyers certainly stepped in today at the 2.6c level.

Traders have done quite well on this stock, buying at support levels and selling on news.

The flow announcement Dicktangles predicted for last week didn't eventuate, I believe his information to be fairly reliable, maybe they are saving it till closer to the meetings. We have a General Meeting next Monday, then another one to reward our hard working under paid directors 10 days later.

They probably have the required proxies already though some of these larger shareholders might start to get peeved if there are no announcements of meaningful flows prior to the meeting. By meaningful, I believe they need to show their processes work by bringing some of these wells up to the 1mmcf + range. RR 13-17 probably has the best potential, but will take a while as they have only just started dewatering it. I doubt we'll see any announcements about that well till after the meeting - can't have the sp at 5c if we're handing out all those options at 2.5c strike.