Bloody retail, you cant trust them
10% of "ALL" shareholders took up the RI, and some of that 10% would have been oversubscriptions. How someone justifies throwing it all on retail beggars belief.
It was Patterson's (going by the broker data) that dumped on discovery news, not retail.
The other side of the coin is the Company left themselves short of cash, the brokers knew it, and once again we had to turn up like "bumpkins to the fair" to get fleeced by the brokers.
Anyway, some SWC data would be nice, the 2D seismic added would be better, and whether we are going to drill and test before or after 3D would be another bit of news that would be rather helpful. Here's hoping the PSA gets finalised so we can move on from this limbo we appear to be stuck in.
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