Well that statement is blatantly incorrect. At 3.6c sure, it was...

Well that statement is blatantly incorrect. At 3.6c sure, it was somewhat priced in. Not at 2.2c. Previously when they were about to drill but had to stop due to Native Title issues, the Market cap was $50-$60m. Right now its $27.8m

You are also questioning the validity of the Top 20 i see. The numbers don't lie. Top 20 increased their holdings from 39% to 41% during the panic sell off which was orchestrated largely by retail. So that to me suggests confidence. I can see what you are trying to do here- clever.