Very interesting explanation for yesterday's spike on Xcite and good reminder that Rockhopper pretty much crashed before the Sea Lion discovery with everyone "in the know" saying it was a definite "duster". Sounds familiar! Anyway, hoping for a nice takeover RNS this morning from our friends in Banchory.
http://www.ft.com/cms/s/0/3f93ac14-346f-11e0-9ebc-00144feabdc0.html#axzz1DVqxBebT
Focus on Pursuit Dynamics after positive update
By Neil Hume and Bryce Elder
Published: February 9 2011 21:03 | Last updated: February 9 2011 21:03
Rockhopper Exploration was also under pressure. Shares in the Falklands explorer lost 7.7 per cent to 339p as the investors continued to wait for an update on its latest well. However, traders noted that Rockhopper shares fell 29 per cent in the ten days before the company announced a big find at the Sea Lion prospect.
Vague bid rumours pushed up
Xcite Energy, 7.1 per cent higher at 385p, while cancer drug company Sareum Holdings rose a further 56 per cent to 2½p on news of “advanced discussions” with a potential licensing partner for its leukaemia treatment.
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