I am assuming it is a desperate seller getting out, rather than a capital raising.
In case it is just a desperate seller, I bought a few at 69 cents for a bounce in the next few days. There could be 15-20 cents short term gain from here.
If I am wrong then it could fall another 15-20 cents, I suppose.
It all depends on how the POG holds up in the short term and how desperate the sellers are.
Gambling is fun.
loki
Ann: Hollandaire Drilling Results , page-9
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