IOG - rig contract RNS. looks liks skipper is happening. pity oil price is so low.
WRN... another 28day extension.
volume at IOG has just evaporated today... I guess with the oil price there is not much appetite for oilies, even cheap ones with a top class BOD. ;-(
WTF... IOG now 6.6p ;-( who sells at rock bottom on a great RNS?????
maybe peoples just selling at less of a loss because they have had their funds tied up for the past months.... but clear progress and big milestones to come in Dec, Jan and Feb, selling now just seems mad.
the figures for IOG are a bit distorted by spreads... think there has been very little opportunity to buy sub 6p, so even people with very low in prices must be in the 6 - 7p range... no point selling today even for those with the lowest ave's