The price is being supressed for the upcoming capital raising.
With a quoted $25m needed, this will be the largest capital raising they will do, so the INSTO's obviously want to get the shares as cheap as possible.
I would say the raising will happen at 10cents, thats another 250m shares taking us to over 1 billion.
Do not expect large short term gains.
pog $1600 + drilling summary , page-8
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