Could this be the reason for the unexpected movement today. It can't be the price of oil. Its been above USD 70 for a while now and the sp has gone south. Maybe something to do with BW offshore needing to lodge security by 13/11.
"Roc said Justice Ryan of the Australian Federal Court delivered an order on 7 October 2009 for BW Offshore to provide by 13 November 2009 security of A$550,000 (US$508,000) for the respondents' costs (Roc and other parties) of the proceedings up to and including the first day of the trial and refusing BW Offshore’s notice of motion to split the trial on the questions of liability and quantification."
Last time a few days before the above company announcement sp price jump 4 cents (13 Oct) on 9 ml volume - company announcement to market 22 October. Today 6.2 mn!
ROC Price at posting:
66.0¢ Sentiment: Hold Disclosure: Held
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