Don't fall into the trap of confusing churn with capitulation...

Don't fall into the trap of confusing churn with capitulation though. Today looked like there was some serious work being done to hold this down in my opinion.

I'm really hoping for a change of significant holding from New Hope after yesterdays trading. The volume was enough for them to get close to 19.99% if they really wanted and may explain why today had around 10 million less traded - they simply may not be able to buy any more without launching their own bid. Pure speculation on my part, but 20% apiece would be a dream scenario.