My thoughts are same. If I am the driller, I would be more than happy to sell at 6c which means 20% profit to me than what I owe. This will bring down share price to a huge extent.
Do Management think shareholders are fools ? 12 millions shares with even 1c profit equates to a very large amount and to whom this is going to go ? For me, this is absolute blunder and huge loss for shareholders who believed and had trust in the company and Management.
Someone should ring them up and appraise the situation. Hoping to do so myself soon.
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