bowleven – all quiet on the western (african) front!

A bit of a re-tracement in Bowleven this morning with the stock currently down 10% at 64p and probing the lows of the day in unison with a moribund market backdrop. Deathly silence out of the Company considering all the weekend press speculation and also the near 7% of the company’s entire equity changing hands on Friday.

Was it all a puff and a simple correction of a mightily oversold situation? Either ways, 64p is still at least a pound the wrong figure in our opinion.