Probably nothing but there appears to have been some moves in the sell depths recently.Particularly of notice is the pulling of what could only be a broker marker in the high 40s.
Test work on the bulk sample is due to be completed mid Oct and was a due diligence requirement for the potential financing bank on the Abu D project.News should also be forthcoming on the EIS.Or perhaps we will see an all encompassing annmnt.
Just where the sp is going depends on your pov.If your taking a long term fundamental pov from mid 03 then the trend is still intact.If its a 6 monthly view then one could argue things dont look good.Sabre/Blackoil et al will like this view no doubt.
Imo the base trend from mid 03 is the more important.Just whether it holds this will all depend on more positive fundamental developments in the next few months.
d.
AR1 Price at posting:
0.0¢ Sentiment: None Disclosure: Held
