It seems that you can’t keep a good (or crazily undervalued!) stock down…
Gulfsands shares are up again this morning and on good volume too. This is interesting considering the veto-ing at the UN meeting last night by China & Russia of further economic sanctions against Syria. Perhaps the markets smells change is coming and the Assad regime is about to enter its last days.
A break of 135p and it looks like a run to 160p is on the cards. Much more of the strength seens this morning and, as per our assessment yesterday, we would expect an announcement to be forced by the LSE.
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