If Mr.Macmillan can’t secure cornerstone investments or bank funding after 2 discoveries all upcoming price catalysts are totally mute. More shares being issued ready to be dumped on market at the earliest opportunity and the cycle begins again. I can see the future.
1. Cap raise compete
2. Flow test announced
3. 3D seismic announced
4. Share price goes nowhere because everyone dumping
5. Flow test begins
6. Flows successfully (share price goes nowhere as dumping continues)
7. Scott calls a webinar and is bemused why we are still at 16c on successful flow test says we are getting corner stone investor, off takes lined up blah blah blah
8. Scott forgets to mention oil flowed in webinar but too late as people keep dumping
9. Exploration well at Boabab
10. Ooops couldn’t secure corner stone investment
11. Annual Christmas cap raise
12. PPSA should be signed in January (2025)
Repeat.
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Open | High | Low | Value | Volume |
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1 | 150000 | 0.067 |
6 | 376496 | 0.066 |
5 | 893384 | 0.065 |
1 | 100999 | 0.064 |
Price($) | Vol. | No. |
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0.070 | 494994 | 5 |
0.071 | 370417 | 2 |
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