Now that all the excitement today has calmed down let's have a look at where we are.
* $500k loan "news" stabilised the SP and market.
* The SP is where it is because we haven't seen the real money in out account yet, that is Euro and/or GRES money.
* Given loan establishment fee of $75k is payable in shares at a VWAP it is well understandable that the SP was knocked down and some volume churned through at a lower SP (VWAP of 0.066 today)
* Just as it was understandable that many millions of shares were traded the week before the Euro loan was ann. (connections?? taking a position??)
* If the Euro money had been in the account today, then we might have seen a gap up, traders/chartists seem to dislike this, so we have avoided that and should be on a trajectory of steady news flow and steady SP appreciation.
Owing to disappointment of closing previous financing deals (GRES 6 months & Euro 1 month) on timely basis the market is rightly sceptical until cash is in the bank. So now we are going into a period which should see strong news flow and growing interest as real tangible things really happen:
* Confirm receipt of Euro money
* Sign rig agreement
* mobilise rig
* receive GRES funds
* updates
* spud
* drilling
* testing/flow rates
* build pipeline
* complete
* production
* +ve cashflow $$$
That's the 12 step plan! (any good turn around story requires a 12 step plan (reference: AA))
Looking for more than a $1 mil/month net to AWD (I believe it will be more.....), not bad for a $12 mil market cap company (that's a P/E of 1)
- Forums
- ASX - By Stock
- AWD
- a new dawn (again, again)
a new dawn (again, again)
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AWD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online