The farmout was definitely a nice bonus. But more telling was the demand for the placement.
I wait in anticipation for the substantials to be lodged by our new institutional friends. As has been indicated by the annoucenemnt I am expecting some big names to pop up which will give this story some serious street cred.
Hopefully this will lead to more on market buying from these instos and maybe some smaller ones who may have missed out or want to follow the leader?
Well done to management, they are doing an swesome job for such a small company. Happy Days ahead!
RIA Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held