Many Hedge funds are basically day traders with a lot of money to play with,and those types of hedge funds it is well known it is easier for them to make money knocking down the price rather than raising the share price. And those type of funds dont care about fundimentals,just charts.When they are done knocking it down,the fundementals bring it back up again,and with good news,it can be interesting.
I have seen these hedge fund manager types being interviewed on TV,and that is what they say,and the bigger following they get ,the easier it is for them.
With Noronts 5 drills turning for the tune of $19 million being spent this year I am sure they will find plenty more of EVERYTHING FOUND SO FAR, AND SOME.
Eagle 1 is going nowhere,but getting bigger.