I sold down half my holding today. Its had a good run and I can't see what inside information COULD BE circulating that could justify a continued run. So I decided to de-risk a little on what looks like a combination of ramping-induced exuberance and possible manipulation in the run up to a capital raising. I've run through all the possible pieces of inside information that could be out there (and which I am not privy too) and the only one I can think of is that they have secured debt finance somehow. Otherwise, the most logical announcement is that of drilling (which has not certainties) and possible associated capital raising. Still have significant exposure and some oppies, but thought it prudent to de-risk a little after a good run and the low probability that their will be a 'blue sky' announcement.
Good luck to other holders...really hope there is some stellar inside information circulating, but, for the life of me, can't imagine what it would be.
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