with reindeer gas now going ahead then corvus could find a home as a feed gas supply into the new devils creek lng development [think thats what it is called]
M
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PPP lost 7 cents
i think it also has alot to do with the fact the shares on the nzx are much less liquid than the counterparts on the asx. The sp right now would offer an arbitrage opportunity the sp differnece on the asx and nzx is currently about 2 cents but this can clearly be put down to the liquidity differences as usually they run lock in step of each other.
Yes, the risk is that a Buy on the NZX to complete an arbitrage would see the SP bid up again. In any volume worth doing, that is.
Perhaps someone else might try it?
;)
ppp cracked 80 cents
boysy,you getting the speed wobbles yet? I do wonder how i would feel if i wake up some morning to read that Vetinam said not to us holding this Farmin.Something is sure driving it to rocket so much on what is really a small volumn.That of coa-rse means that if the volumn really picks up it will go up or down in a big hurry. Interesting and kind of scarry.
So do we place bets on when it hits a dollar.Or is it a 50-50 that it hits the dollar before it falls to 30 cents? I will certainly be watching this space but do not really know what to make of what is happening this last two weeks.
It certainly has taken off like a rocket . The only factors i can put this down to are the rise in the oil price which potentially means the vietnam discovery is worth more if we get the farm in. Then there is renewned interest in gas off wa with the gorgon project and the fact that maitland is right next door literally to the development. Im hoping the smart money is hopping in though who knows. I think now $1 easy if the farm in is approved but on the same token back to $0.40 if it isnt. Im still holding but like you i think the cards need to be laid on the table before i make my move.
PPP is in a good uptrend that is showing no signs of weakening as yet. But you already knew that - right? It's not often that a chart adds no extra insight into a stocks movement.
http://h1.ripway.com/78963/PPPnz825.gif