My slightly cynical assesment: * None of the players have their cards yet, they are waiting for the dealer. Any players got out after their "significant gas discovery". * Current holders are the guys from early this year and last year that are anchored at 7-10 cents per share * I maust have been wrong about share issues as they have just issued 22 mil more (or the clock ticked and their 15% came back) * My feeling is they need the $500k to finish the SEYCO deal (need $1.5 mil, have $2 mil from conv. loan of which about $1 mil has been spent on ther stuff (see quarterly)) * After Friday will be another 166 mil shares on issue
With the SI's having 200 mil shares next week let the games begin!
My guess of timetable: * Friday votes on conv. loan and placement * Nov 30, AGM whizz bang presentation (pictures of islands and boat collecting 2D data) * Schedule mtg Dec? for ratification of SEYCO share deal, more whizz bang stuff * 11 Jan 2011 a bit of publcity around the Wings Law wind hearing
QFY Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
