The problem at the moment is that there is way too much de ja vu from the Puntland drill this time last year where they got close to TD, bought T&T on the pumped up price (even though it was reduced to market at 17p) and then it tanked on a duster.
PL has done exactly the same thing with the Colombia purchase in leveraging Puntland for stock at 12.5p.
The similarities are so close that people are in panic mode and running to the exits with at market sells.
Who can blame them as it was a ridiculous rights issue that only needed a bridging loan that has further diluted the share.
When is Puntland TD going to be really?
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