Ann: Successful completion of AU$45 million capital raising, page-75

"This is a spec stock. I don't know what you were expecting."

I was expecting it to have a massive oil find and the share price to fly. Like "hey that looks like a great place to look for oil if you believe in continental drift" (Port Phillip Publishing 2011) FAR price 4.2 cents.

And Rory they were right, Bingo, strike, yowser largest find of the year.

Every time it moved higher Cap Raise, never any momentum or energy around the stock and that is what you need in a spec stock. During the 8 years CN has probably earned what... 5-8 million and swanned around the world.

The share price is now 5.7 cents and will be clubbed after the CR. Now I read that the punters here are holding out first oil revenue in 202? something.

So yer it "WAS" a spec stock. It's not a spec stock anymore, they found the oil, it's an "investment" waiting for financing. Mean while management are arguing with partners, drilling dusters and litigating.

What a shocker.