Old young trader said this which i didnt think about ...........
HLX moved up strong on the back of AQA becoming a substantial holder as it put confidence into the potential of HLX,
My guess is AQA realise that there's good potential to expand Catho Well, as shown in recent drilling and as there will be a a new JORC soon, they took the placement now rather than wait for new JORC as once expanded JORC is out you'd expect the SP to be much higher, much much higher
Interersting to see that they took the maximum amount of shares that they could, ie 15%
CUL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
