reason for weakness?, page-3

Guys,
the pipeline has been go/nogo/up/down/stuffed/reincarnated so many times now that it is hard to see that any investor would still be punting on that one. If it happens there will be a very nice indeed uplift in share price, if another negative announcement then a rather ugly sell off. But in any case it will be a windfall whichever way. Market behaviour at the moment seems to be to ignore the pipeline (upside or downside) and focus on what is known. The Moran result seems good and praise the lord for that otherwise in the present mood you could be looking at maybe a 20 c drop over a few days. But nice as it is, it is a field extension and not a new field with who knows what upside. Therefore good but not exciting. And if we look at the price over the last month, it was rising in anticipation of the gold interest sale, choked within a couple of days of the actual announcement most likely because of the paper component of the sale, and has slid sideways/downwards ever since. Nothing to do with the oil side of the business in my opinion.
Cheers.