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Just realised there was a public holiday on Monday. I wouldn't anticipate and announcement re: 10m drawdown until the 18th... (15 business days after 27th may. finance companies don't count weekends as days) and remembering this is only an approximate so there may be a chance we hear something a day or 2 either side of the 18th. E.g 16th to 20th. Lets hope the day of funds being in their account we also get an update on progress announcing that they have now secured a rig ect..

Can only see positive upside from here...

1st tranche of funding: 10mill
Secure a rig
Secure final equipment for drilling
Commence drilling
Get regular updates on progress of drilling.

Nothing's changed since its being relisted except for positive news so it leads me to believe their are 3 reasons for people selling:

1. Tax purposes (creating a loss to reduce their bills)
2. Impatience
3. Scare tactic by pushing the price down to pick up cheaper shares.

From where Im sitting looks like there is huge profits to be made from here..