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Sunset Pacific Petroleum Ltd SSPAF

"Sunset Pacific Petroleum Ltd is a junior resource exploration company based in Canada. It engaged in the acquisition, exploration, and development of oil and gas properties in Tunisia, North Africa. The company properties include Bougie Trutch and Trutch East."


GREY:SSPAF - Post by User

Comment by Goodspeculatioron Jan 13, 2017 6:41pm
103 Views
Post# 25707034

RE:RE:RE:Stock rise premature but trading volume positive

RE:RE:RE:Stock rise premature but trading volume positiveHave to admit I am not happy in the manner in which the shares traded in heavy volume moving from 5 to 8 cents in a week and 3 days later  we are  back where we started

Nobody wants to think of it being a Pump and Dump  as the Company does have what would appear to be a very legitimate exploration program in place in North Africa

But without mentioning names I did notice one particular house buying  as the stock was rising and then sselling at the peak  and that same house was buying back at 5 cents today Certainly someone made a good profit on the fluctuation and I think most of us must be really disappointed that we are back at 5 cents

I guess it does appear to create a buying opportunity but  this is the Venture exchange and  probably at best 10% of the Companies listed end up as success stories.

As I mentioned previously the upward movement in the share price may have been premature but hopefully we will get an upddate from Management within the next month or so.There definitely appears to be potential here but when it wil happen remains the big question ?????

JIMHO GLTA
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