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)
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