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.
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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
SPP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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