My bad, feel like a ramper after my way over the top prediction for today.
Definitly doesn't feel like a pump and dump, mainly because it seems to have stabilized around the 13 cent support.
I think the change in support is the focus of minds on the BHP deal in Texas. There are a lot of want-to-be's out there in the midget oilers but a lot of punters can now see this is the real deal. Especially that valuations for acreage in the Permian basin have doubled and puts a valuation of ($3,000 x 25,000 = $75m) 25/30 cents a share just for the bare acreage, placing no value on the South African assets which could be worth the same again, and potential very near term cash flow on successful well production testing. Looking Good.
Saltbus
CEL Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
