AJL 2.00% 24.5¢ aj lucas group limited

igas

  1. 273 Posts.
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    Igas has rallied over 50% from the bottom a couple weeks ago caused by the Lancashire opinion, the Scottish moratorium, and the Parliament vote. Does anyone have a good feel for why the name is making such a strong move? There's not a lot on the tape, so I'm guessing it has to do with political subtleties. One could argue that it's just a dead cat bounce, but 50% is a fairly strong move. Is Igas anticipating something that Cuadrilla doesn't have going for it? Or are stocks on the London exchange just more in tune with the political realities of the UK? Maybe Igas investors have it wrong and Australian investors who have largely given up hope on Cuadrilla have it right?
 
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