The volume "is" insignificant but it is also fragmented. Small amounts from different houses. Not surprizing considering EFL is most likely NOT front and center on many company radars in this oil crisis.
That said, I hope all the speculating and DD you guys have done ends up having some merit.
You would think, with all the market leaks and recent news, some big boys would already have gotten a whiff of what's happening and want a big position. So far, the trading isn't showing that. In fact, bids are scarce and sellers are forced to capitulate to the lower prices. Is the price being worked down? I dunno.
What I do know, .... in most past history, EFL soared on fluff. Now we have some significant developments and can't get or stay over $1.
IMO, I'm willing to pump the fact EFL would not be moving to acquire a 2nd plant unless they had some very serious commitments.
I still can't believe things are staying so quiet and controlled with so much appearing to be happening.