still only 122 million shares to start with. and of that 62%-ish held in top 20.
free floating shares atm is approx. 75 million shares. add thirty million very insignificant when you look at 2300ft of gas column.
less my holding - I don't see a massive amount there to play with.
company will need cash, whats new about that. Petty reason to hold back on. And they have one mother of a resource to spend it on.
IMO, the only thing holding this back is people expecting another MEO. Disbelief maybe. Market maybe stunned because they never heard of a company with confirmed 2300ft gas column with a $20mil cap and think its a mis-print.
CEL Price at posting:
17.0¢ Sentiment: ST Buy Disclosure: Held
