Petrel Resources - moderated discussion/research part II
Albertusstrasse48 - Thu, 28 Dec 06 :
From the FAR5 thread....
melfaraj - 28 Dec'06 - 09:15 - 6409 of 6414
max and albert, pet
the figure for the support quoted, of 3.75 in the above. not sure what this meanns. most likely to be a mistake. multiply by 10!!
we all agree that pet is news driven, not so much by news of further contracts but news of nomality in the security of iraq so as to enable business to function normally.
i also added most recently my theory of bands of 10p each. we had hit the 30's recently, rose into the 40's and now into the 50's all within a couple of weeks, such is the ferocity of this stock.
as the wecurity situation in iraq improves we would see 60's and higher. but the stock would not be out of danger until it had found its fottings in the £1 region. this can be easily done, we are talking about doubling from now wich can happen during the time it takes to read the morning postings on this thread!!
