What a day yesterday! The sp closed at 4.05 on Monday and yesterday the sp touched 4.75p before closing at 4.61p. 68M shares traded and on no news just info in the press. I hope the upward pressure continues and we get to double figures soon! The only fly in the ointment is Jack Grynberg of RGM! RGM had a stake in the operations in Logbaba but refused to pay its share in the costs to develop the resource and as such forfeited its share in the Logbaba operation. Now that it is up and running and selling gas RGM have gone to arbitration on the matter.Mr Grynberg is well known for his litigation and it is an unwelcome distraction at the moment.The coming days and weeks will tell whether it is serious or not.
No comments:
Post a Comment