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If ICN stated that they expect to start drilling Stitch tomorrow...

  1. 192 Posts.
    If ICN stated that they expect to start drilling Stitch tomorrow then why the drop in sp today ?

    Some possible explanations for why the sp dropped today:
    -people forced sp lower to hit peoples Stop Loss and accumulated at lower prices.
    -Stitch might not be drilled tomorrow.
    -The 2nd CBM well might not intersect Coal.

    I hope the first of the above statements is the case but as usual we will wait and see.

    Just trying to make sense of this.
 
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