Insto brokers are buying up the last part of the london shareholders selling I feel.
I believe the way it has played out is that a lot of london shareholders were waiting for the london listing to sell into however there was scant little volume and have moved shareholding from the nominee account to sell. One has to remember that a lot of these london shareholders invested in an oil and gas play, got lucky with the acquisition and their dead position suddenly saw some unexpected uplift.
The shallow stuff is a game changer, which the market hasn't really woken up to because it was part of historical results instead of new drilling. Shallow holes will be out in February and hopefully we see a substantial re-rate.
Am hoping to post some comparative stuff soon of FME vs CHN vs POD
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