Oilbent hasn't a clue...
CLL has a license to produce 10,000bbd from Pod 1.
They cannot just decide to increase production.
It is really ridiculous for bulletin board pilots to second guess the pros here.
Gusella is the driver here. I'll rely on his judgement, which has proven to be pretty good, IMO.
As to the share price. It isn't shorts who are holding it down. I think it is retail channel traders who sell wait for a .10c drop, buy, sell repeat.
This is a common day trading strategy and if enough folks are doing it, they can contain the share price.
The major strategic error that CLL has made is refusing to acquire a US listing to broaden their market exposure.
A tight group of Bay Street houses are pumping this like a cheap whore....
