Spoken to many over the weekend regarding the static SP as of late.
The recent placing coupled with the Etamic default and regional political difficulties are having a dampening down effect on the SP. Market sentiment seems to be “wait and see”. Investors should fully expect the SP to take off once the extended well test data and recovery factors have been quantified. “Production will equate to a massive spike in shareholder value.” (IN House note here). Takeover rumours seem to be on the back burner BUT could re-surface instantly once all the data from Shaikan1 has been quantified. The sharks are still out there circling waiting for full evaluation.
Hold for good news.