Sometimes "smart sophisticated investors" know as much as you and me bigtoe. Otherwise why would you invest at $1.20 "knowing" its going to drop off the cliff by half. (With my small holding I would think twice about going in at .60 knowing its going to go to .55!!) You could say to get the big volumes without going to market - but paying twice as much as today??
We all just have to wait and see. In my experiences even the directors sometimes could not explain how your shares could go from $1.50 odd to this level. They would be keeping a close eye on the share registry and the movements for a clue - I would!!
Just my opinion. Again this type of research is very hard if not impossible to do as a shareholder - we can only get drilling results/gas flows/oil flows/wells/ acres/ etc etc and use our calculator as a best guess on why SP should be up - not why its down.
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