I have no doubt that this is "organised selling", it has succeded it seems in destablising the confidence in a number of small holders just by selling a relatively small number of shares at constantly lower prices until it becomes a trend, which it has.
What reason could there be ??? POO ? doubtful, results known ?? selling started prior to drilling so doubtful, Tiof not to be commercial ?? perhaps but unlikely, Insto selling ?? volumes say no, Maccas trying for a low SP prior to Labienda results and hoping for a duster and a plunge in SP, likely IMHO as they could then buy and cover to a large extent, manipulation seeems the most likely.
On the positive side and reasons to hold,
1. Current drill, risk is not as high as previous three.
2. Low cost / high reward Uganda drills in December.
3. Tiof commercially.
4. FPSO arrival very soon.
5. Chinguetti oil production very soon.
6. Dana well very soon.
&. Still the wildcard of a Guyane/Matamata JV partner.
HDR
hardman resources limited
I have no doubt that this is "organised selling", it has...
Add to My Watchlist
What is My Watchlist?