So I have been watching Pancontinental (ASX: PCL) for a while and, quite frankly, if my finances had allowed it I would have jumped in 2 weeks ago at 0.9 cents. They have gone up over 20% to 1.1 cents and 20% return in a few days is good by any standard.
The question is: what caused the jump? There was no announcement. I suspect there is a leaky ship and the word has got out about a successful farm-out.
THIS IS NOT FACT, IT IS A GUESS.
If I am right, look for PCL to go into a trading halt and deliver their long-suffering shareholders a brilliant Christmas present: a big jump in the share price.
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