IPT just did exactly the same right before drilling. There was a...

IPT just did exactly the same right before drilling.

There was a spike to 2c then a CR to sophisticated investors @1.5c

Followed by a small retrace to 1.8c and went as high as 2.9c. Currently 2.4c and they are still drilling.

I've outlined previously the sort of money CHK need to move to 80% and progress with the Pyramid Lake (Gypsum) is around $2 - $2.5m

So given the current cash balance I would think they need around $1.5 - $2 million here. We will see.

It's interesting (but not a massive surprise) CHK's recent spike coincides with sophisticated investors getting on board. It just shows that sometimes we need these guys to move the sp.

The positive is that CHK will now be able to release all the good news so the sophisticated guys can do their thing....