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Ann: Coober Pedy Drilling Update, page-19

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  1. 3,538 Posts.
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    the first drill hole would be about finished by now - the second hole would have either just started or starting soon - so theres no way anyone can know the full story as yet

    this sell off is most likely the noteholders - from my calculations they have another 10+ million to go if they wanted to sell them all but I suspect there will be some note holders that will hold a few mill to see how this all pans out

    broker data never lies - see below from 13th May (convertible note issue) until last Friday 5th June. Have a look at the amount of net buying vs net selling - even Patto's are now in front (slightly)

    just seems to me pattos are soaking them up slowly every time the sellers dominate

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