Any experts out there with a view to todays RNS on Algerian gas find ?
Looks good to me but sp is down
Thanks in advance nr

lol..:))

Early stage rumours of a t/o bid doing the rounds. 8m shares traded today so far.

guaranteed BS

Zak Mir thinks they will bottom at 13p and then recover to 20p(no time frame), we are waiting for 12p.

there is a 4 bottom just hit which is considered a major reversal Patton i fill the signs are there this time cynic for 20p + Evan you must agree with the charts

'a 4 bottom just hit which is considered a major reversal pattern'------Have to admit I've not heard that before, are you sure that's not bum information micky468, although the sp has improved.
2517

a 4-bottom is related to someone very fat who has gone far beyond the 2-chin stage!

What you mean cynic like a Money Maker..... cynic the only reason this SP as not gone north is ? ...well this man can explain it better...........

The reason that internalization is such a contentious topic is the obvious conflicts of interest inherent in the practice. As a broker, the firm has a fiduciary responsibility to obtain the best possible execution for its clients. However, as a dealer trading against the firm's own clients, there is strong incentive to give clients the worst prices possible while conforming to existing - and rather vague - rules on execution quality.

2517/....George if we break the 15p nick line on the way up this time round you will not have time to hit the sell button before it hit 25p

Dream on!

If one ignores the little recent spike to 16p the SP is ranging between 13.5p-15p whilst in a mini downtrend from 19p which is actually very bearish. Take into consideration that the uptrend from Mar 09 has been broken and the fact it's been making lower highs since 19p, the stock is a SELL, only a matter of time before 13.5p is broken.

Mind you, small AIM stocks are buggers for not following TA :)

Unless, of course, that spurious rumour from FT/Alphaville of a bid approach comes true imminently. ;o)

If a bid is coming soon nobody told Iberdrola.

chuckle, chuckle!

Iberdrola have bigger fish to fry.

so why did they buy 20%+ of PCI in the first place, have they had second thoughts after recent drilling results or did they just want to take their profit before it evaporated.

Or maybe they think a bid approach is more likely to be an equity deal rather than cash.

Who knows what Iberdrola were up to at all. PCI now have 75% of Isarene again and it's all to play for.

This is your baby Cyril, haven't seen you on here for a while, are you still in?