New shares released on market today. Instant profit and protecting capital.
Very illiquid company and if you have 100mil shares with another cap raising due with in 3 to 6 months time. If they don t find any thing of real significant s then they are not going to be caught red handed with a load of shares.
I think similar trading will occur. Floor price low 3s and sold into the good news unless they hit eye catching results in the drilling and Fomo kicks in. Otherwise its a sit and hold with patience.
Ann: Completion of Entitlement Offer, page-24
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