Diggers & Drillers emailed their subscriber news letter
yesterday (not today) and stated that SWE notified the market ASX, that the Zambian Goverment awarded 9 Exploration permits too SWE. Troisad- Block 8. Bowleven-Blocks, 25,28,29. Segocoa-Blocks, 29,43. Surestream-Block 42. Rift Petroleum-Blocks, 40,41.
As we all know that SWE only bid for 3 Permits, Blocks and they were Blocks 31,42,&44,and by that ann you would all realise that Block 42 has gone and they SWE are in the race for the 2 remaining blocks which are 31,&44.
That may be the reason the S/P has run so hard today, or maybe not, and that could also be the reason that big X Trade went through at the end of the day, and that person realising the stuff up.
I am going to notify Diggers & Drillers in the morning of their monumental stuff up, and they will have to send a email to all their subscribers,letting them know this mistake. By the way in that news letter they state to subscribers that SWE is up 106.9% on their initial buy rec.
I am a holder, and have been for over 2 months.
Cheers. Simmo.
SWE Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held