selling increases at 2.4 c may buy @1.7cents, page-20

Maxi
In the account this morning 6am.
Scaled back as the 2nd tranch ($1Mill raise)must have been raised at same time. Therefore the company has already received $2.46 mill and 1st 85mill shares in market.
This agrees with my cashflow analysis as I had the company going into a small deficit with Huth costs at 31 dec. I assume they pay as you go. ie prepay bonds for drilling, fraccing etc.
The strenght of todays SP is a surprise. Thought we may touch 2.2c with this new supply and upcoming 1.7c shareholder offer. Not to be so far. Undervaluation of company is not lost on the smarties.
Can`t wait to see the annoc on PB tomorrow. Will be lighter fluid on todays slow burning fire.