For the past few years, whenever there was a few days of very high volume, this would be followed by a NR. Yet this time you have all that volume last week and then nothing. If the impetus for the volume was a takeover bid, then I have to think it's a friendly one because otherwise this delay doesn't make much sense to me (if it's hostile and the cat got out of the bag, whoever is making the bid would not want to hesitate- if it's friendly and probe is on board, they could be delaying it to make sure it's perfectly written to influence shareholders etc.). Personally, I'm not convinced that the pending news is related to a takeover and it could just as easily be 6 months of drilling which they want to incorporate with whatever they did on the wedge immediately after the land deal. At any rate, I find it very strange that we haven't heard anything yet on the news front. They must have SOMETHING to report after all this time.
