Wintermute, IMO, some of the "sophisticated" investors...

Wintermute, IMO, some of the "sophisticated" investors subscribing to 52c with the intention of dumping it back (may keep some back) for a quick 10% as usually seen in speccy O&G stocks. It is certain that they didn't see 43c came in, that is 17% paper loss. If the SP is back to 52c, they may give up a portion of their shares (i.e. giving up the 10% quick profit - but holding on the parcel for a drilling success).

For those who have sold at 43c-44c in the last few days, many of them may actually have sold for a real loss (including me - bought heap at 51c, then sold a half at 43.5c). Some of the sophisticated inverstors may have the same thinking - but in a better position that they can unload back at 51c-52c. If they are really confident after today's good news, they would have bought more and the SP shouldn't be staying at 51.5c-52c. In saying that, just a few more days, with good news, 52c will be a distant past. And that is what I am praying for.