Hi tinybell,
SPP was in the same stable as OML ... same
directors ... (yes?) and OML was merged with OSH,
earlier this year.
Not sure if the PNG government still has a stake
in SPP and some deep research is needed on
the fundamentals to find out the real reason for
the fall.
-------
Technically however, the price action suggests that
SPP is going into an extremely oversold condition
and this will attract some punters, as they try to
pick up a bargain.
Will do some further astroanalysis later, to try and
determine a key date, when this stock may turn
around .... which may be quite soon, since on
01012003, we will be exactly 180 degrees from the last
significant high.
SPP has made many highs and lows early in the
month, since its high on 1.10.1999 ...
happy holidays
yogi
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