While this capital raising is around the price isnt going anywhere. 0.008 is 60% premium on issued shares, and theres alot of them about 66% dilution.
Other thing to note about todays announcement is that yes flow rates are up and it does add value, but its not a huge amount (talking ~$2mil). The issue is that earlier cashflows are better but there is only so much oil/gas in the hole so the faster it comes out the faster its depleted.
I hold an absolute bucket full of these so I am more excited then the next person, but lets chill guys. Fair value post cap raising is $0.009 (with cash, debt, d&l2) so stock up, participate and make 80%.
wednesday news, page-18
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